Digital photography fans have another reason to gloat over their analog cousins. Eastman Kodak is raising the prices on their consumer, professional and motion picture film stock. Prices will rise between 3% to 17% percent. High energy and silver prices are fueling the increase.
Kodak says the increasing cost of raw materials “can no longer be offset” by the company’s productivity programs. Silver has skyrocketed in recent months and is currently trading above $13 an ounce on the New York spot market. Oil has hit $70 a barrel on the New York Mercantile Exchange.
The price increase will take effect on 1 May.