Caterpillar to Raise Prices in 2007

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aterpillar Inc. will raise prices for its machinery and engines in 2007, Reuters reported Tuesday.

According to a filing with the Securities and Exchange Commission, the equipment manufacturer will increase machinery prices by up to 5% and engine prices by up to 7%.

Caterpillar said in its filing that the increases are in line with expected economic conditions and industry factors, Reuters reported.