Carrier raising its prices

Carrier raising its prices
© Getty Images

Carrier, which last week reached a deal with President-elect Donald TrumpDonald TrumpYoungkin ad features mother who pushed to have 'Beloved' banned from son's curriculum White House rejects latest Trump claim of executive privilege Democrats say GOP lawmakers implicated in Jan. 6 should be expelled MORE to keep about 1,100 jobs in the U.S., is raising its prices.

ADVERTISEMENT

United Technologies Corp., which owns Carrier, will raise prices for residential and commercial HVAC equipment as much as 5 percent starting next year, according to Business Insider.

The price change was first announced Nov. 23, according to the report. The company said the decision was unrelated to the deal with Trump.

Carrier last week reached an agreement with Trump and Vice President-elect Mike PenceMichael (Mike) Richard PencePence to deliver address on 'educational freedom' in Virginia Obama looks to give new momentum to McAuliffe The Hill's Morning Report - Presented by Uber - Manchin, Sanders in budget feud; Biden still upbeat MORE to keep nearly 1,000 jobs in Indiana. The company had said earlier this year it was moving those jobs, and about 2,000 others, to Mexico. The company will receive $7 million in state tax breaks over 10 years as part of the deal.

Moving jobs to Mexico would have helped United Technologies save $65 million a year, according to the report.