Kodak is poised to increase the price of its consumer and professional films by 5%, blaming the rising cost of raw materials.

The company said the prices rises were necessary because of the higher costs of silver and petrochemicals, as well as ?escalating oil prices and industry volume trends?.

A spokesperson for Kodak UK confirmed that the 5% increase will apply to the firm’s entire range of consumer and professional film, including APS.

She added: ‘It will be 3% across selected models of single-use cameras.’

The increases take effect in the ?first quarter of 2008?, according to a statement released by the company.