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HP Price Increase 2022: HP Plans New Year’s Price Hike On Printers, Ink & Toner

Posted by Rob Errera on 12/16/2021

HP Price Increase 2022: HP Plans New Year’s Price Hike On Printers, Ink & Toner
 

A new year brings new challenges, and 2022 looks like the year HP customers will be hit with higher prices for their printing supplies.

The price of HP ink and toner is going up at least 5% starting January 2022.

On December 1, 2021, HP sent a letter to resellers explaining that supply chain issues have significantly impacted the cost of manufacturing and shipping office supplies.

As a result, HP is implementing a “price adjustment” on “select Printing Systems Hardware and Supplies” — i.e., HP printers, inks, and toner cartridges — starting January 1, 2022.

Beat The HP Price Hike!

Use the exclusive coupon code SAVEMORE5 to save 5% off your next Toner Buzz order.

We offer the lowest prices around — better than Amazon or office supply superstores — and we always offer FREE SHIPPING!

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While the exact amount of the HP price increase is not mentioned in the letter to resellers, industry sources believe it will translate to at least a 5% price hike on HP’s most popular products.


HP price increase is partly explained by shipping delays and backlogs at ports

Shipping delays and backlogs at ports are one reason cited for HP’s planned 2022 price hike.


Price Increase Blamed On Supply Chain Troubles

This latest HP price hike appears closely associated with pandemic-related supply chain delays and workforce shortages that are impacting every industry.

HP cites “increased demand, ongoing component and material shortages, and freight capacity challenges” as the main factors behind the 2022 price increase.

While remaining vague about its planned “price adjustment,” HP assures resellers they are free to set their own resale price on genuine HP supplies.

A shortage of truck drivers is also impacting global supply shipments.


HP Stock On The Rise

Even before this latest price hike, HP was having a great year financially.

At HP’s quarterly financial meeting in October 2021, Chief Financial Officer Marie Myers announced a record 29% increase in the company’s annual stock dividend. 

Myers stressed to shareholders that the company is committed to “aggressively returning capital to shareholders,” and is looking at high-margin products — like printing supplies and subscription services — to keep those profits flowing in.

HP’s focus is shifting from one-time printer sales to managed print services and ink and toner refill subscriptions, which are more profitable in the long run.

HP cites “increased demand, ongoing component and material shortages, and freight capacity challenges” as the main factors behind the 2022 price increase.


How To Beat HP’s Price Increase

HP hiked prices on ink and toner cartridges 10% back in 2017, and hiked prices again in May of this year, citing a shortage of computing chips.

A reputable HP reseller like Toner Buzz can save you money over HP subscription fees and price hikes. Toner Buzz is an independent retailer and not bound to any printer manufacturer’s price mandates.

We set our own prices and they’re the lowest around!

Shop around online and see for yourself. We beat any deals offered by printer manufacturers, online resellers, or big box office supply stores. Plus, we always offer FREE SHIPPING!

We want to help you beat the planned HP 2022 price hikes. Use the coupon below to save even more on genuine, OEM HP toner and ink cartridges from Toner Buzz! 

This coupon expires at midnight on January 31, 2022, so act now!

Beat The HP Price Hike! Use the exclusive coupon code SAVEMORE5 to save 5% off your next Toner Buzz order. 

Stock up and save on genuine HP ink and toner today!


Further reading:


Sources:
https://www.bloomberg.com/news/articles/2021-10-20...
https://www.theregister.com/2019/10/09/hp_supplies...
https://pamplinmedia.com/pt-adv-insiders/382792-27...
https://www.rtmworld.com/news/hp-increases-some-pr...

 
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