Oracle support prices are set to rise by 8 percent in the US, and the company will also impose increases commensurate with inflation in other regions.

US consumer prices hit annual inflation of 8.8 percent in June, another 40-year high, prompting Big Red to look again at its support pricing.

Craig Guarente, founder and CEO of software licensing advisor Palisade Compliance, said clients had contacted his advisory firm notifying them of the price changes.

“Note that Oracle has an annual support increase embedded in their terms and conditions. It’s based on the general inflation rate in a country,” he said. “The US has run at between 1 and 2 percent for years. Now with inflation the way it is, Oracle is seizing that opportunity.”