Sony claims that continuing inflation and many world economic issues are the reason for the PlayStation 5 price increase coming for many key regions.
Earlier today, Sony made an announcement on the PlayStation blog that the cost of both PS5 versions would be increasing in Europe, the United Kingdom, the Middle East, Asia, Africa, Latin America, and Canada. It appears that the United States is the sole big market where prices are staying the same.
The blog article acknowledges the difficulty many individuals all over the globe are having because of the current financial climate. The post states, “The global economic environment is a challenge that many of you around the world are no doubt experiencing. We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries.”
Below is a breakdown of the price increases:
- PS5 with Ultra HD Blu-ray disc drive – €549.99, up from €499.99
- PS5 Digital Edition – €449.99, up from €399.99
- PS5 with Ultra HD Blu-ray disc drive – £479.99, up from £449.99
- PS5 Digital Edition – £389.99, up from £359.99
- PS5 with Ultra HD Blu-ray disc drive – ¥54,980 yen, up from ¥49,980
- PS5 Digital Edition – ¥44,980 yen, up from ¥39,980
- PS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan, up from ¥3,899 yuan
- PS5 Digital Edition – ¥3,499 yuan, up from ¥3,099 yuan
- PS5 with Ultra HD Blu-ray disc drive – AUD $799.95, up from AUD $749.95
- PS5 Digital Edition – AUD $649.95, up from AUD $599.95
- PS5 with Ultra HD Blu-ray disc drive – MXN $14,999, up from MXN $13,999
- PS5 Digital Edition – MXN $12,499, up from MXN $11,499
- PS5 with Ultra HD Blu-ray disc drive – CAD $649.99, up from $629 CAD
- PS5 Digital Edition – CAD $519.99, up from $499 CAD
There is no indication in the post about whether or how soon this price hike will be reversed. At the end of its blog article, Sony says fixing the problems with Playstation 5 consumption, which have persisted ever since the console’s release because of persistent chip shortfalls, is its primary concern.