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Sony Hikes Price Of PlayStation 5 Because Of Global Inflation

The PlayStation5 is already an expensive console, one that is about to get even more expensive in a lot of markets which can be blamed on inflation.

Over on the PlayStation blog, Sony revealed that it is raising the price of both PlayStation 5 models in several markets in Europe, the Middle East, and Africa (EMEA), Asia-Pacific (APAC), Latin America (LATAM), as well as Canada. There will be no price increase in the United States.

“The global economic environment is a challenge that many of you around the world are no doubt experiencing,” the PS Blog states. “We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries.”

The new RRPs below are effective immediately unless otherwise noted.*

  • Europe
    • PS5 with Ultra HD Blu-ray disc drive – €549.99
    • PS5 Digital Edition – €449.99
  • UK
    • PS5 with Ultra HD Blu-ray disc drive – £479.99
    • PS5 Digital Edition – £389.99
  • Japan (effective Sept. 15, 2022)
    • PS5 with Ultra HD Blu-ray disc drive – ¥60,478 yen (including tax)
    • PS5 Digital Edition – ¥49,478 yen (including tax)
  • China
    • PS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan
    • PS5 Digital Edition – ¥3,499 yuan
  • Australia
    • PS5 with Ultra HD Blu-ray disc drive – AUD $799.95
    • PS5 Digital Edition – AUD $649.95
  • Mexico
    • PS5 with Ultra HD Blu-ray disc drive – MXN $14,999
    • PS5 Digital Edition – MXN $12,499
  • Canada
    • PS5 with Ultra HD Blu-ray disc drive – CAD $649.99
    • PS5 Digital Edition – CAD $519.99

Whether or not this is a permanent price increase remains to be seen at this moment and it is unclear when the price will be brought down. Without skipping a beat, Sony says its current goal is to continue filling supply for the Playstation 5, an issue the console maker has struggled with since the earliest days of the pandemic.

Last month, Meta raised the price of the Meta Quest 2 by $100 in several markets for the same reason.