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“Starting January 1, 2023, Bloomberg Terminal subscriptions will see a price increase of 9.65% for locations with multiple licenses (8.46% for single subscriptions),” Bloomberg’s letter states.Bloomberg subscriptions are for two years.

Multiple Terminal subscriptions will cost $2,215 a month or $26,580 annually. The increase will bring the total cost to $2,500 a month or $30,000 a year for a single Terminal.In a move that will affect many corporations and their banks, Bloomberg is raising the cost of subscriptions to its financial data Terminal by about 9%, citing rising expenses for labor, materials and “escalating competition for talent,” according to a letter from the company to clients dated Aug. Terminal subscriptions will rise $195 per month, Bloomberg tells clients, citing global inflation.