Caterpillar announces price increases

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Caterpillar is implementing a price increase of up to 2 percent on most machines worldwide, the company said in filings with the Securities and Exchange Commission.

The price change will be effective in January and includes adjustments to list prices and merchandising support.

The price change is a result of current industry factors and current and expected general economic conditions, Caterpillar said. Details by product will be released to dealers in the near future and will vary across geographic regions and products.

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