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Imagine market conditions have changed... For instance, suppose metal prices have gone up with 3% and I would like to reflect this in my sales prices...  

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Ok, I could do that but after a while the base prices in the product forms need to be updated because they will become meaningless.  I need to be able to update the product prices (base prices) itself. See also the situation for a high inflation country. Or am I missing something? 

I have amended my answer.

Best Answer

Use pricelists for that purpose, and use the text body to define your question, the title is supposed to be a title.
If you want to change the standard price explicitely, you can do it manually in the user interface or by exporting the corresponding products to a .csv file and reimport them with new prices.

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