The PlayStation 5 came out in late 2020. Two years later, you'd expect it to be less expensive now. But, as it turns out, the PS5 is curbing the long-standing trend of price cuts. Instead, it will get a hefty price hike going forward - effective immediately.
Here's the full list of all the regions affected by the PS5 price increase and by how much: Europe: 549.99 euros (disc version) and 449.99 euros (digital version) UK: £479.99 (disc version) and £399.99 (digital version) **Japan:**54,980 yen (disc version) and 44,980 yen (digital version) **China:**4,299 yuan (disc version) and 3,499 yuan (digital version) **Australia:**799.95 Australian dollars (disc version) and 649.95 Australian dollars (digital version) **Mexico:**14,999 Mexican pesos (disc version) and 12,499 Mexican pesos (digital version) **Canada:**649.99 Canadian dollars (disc version) and 519.99 Canadian dollars (digital version) Sony confirmed the price hike in an official blog post, attributing the move to "challenging economic conditions." Surprisingly enough, the US market is safe from the PS5 price hike.
All things considered, the move to make the PS5 around 10% more expensive than before isn't totally unexpected, even if it's unprecedented. The fact is that Sony has already alluded to selling the PS5 at a higher price earlier this year after reporting a slight financial decline in Q1.