Thanks for getting back to us and performing the steps my colleague has provided, @userhcurts. Let me chime-in on this conversation. 

After selecting the product or service item within the invoice template, the option Update price in recurring templates, too becomes available. However, since the option doesn't appear on your end, it may be because the webpage contents doesn't update immediately due to caching and server performance.

First, I recommend editing your recurring invoice template and reselecting the product or service item. After this, redo updating the prices again on the Products and services page. However, if this still doesn't work, I suggest performing browser troubleshooting options to further isolate the problem. 

If you need help reviewing all your recurring templates, you may refer to this article: Review your recurring transactions in QuickBooks Online.

Let us know if the option is still unavailable on your end. We're always here to assist you. Take care.