Sony is Raising The Price Of The PS5 In Select Markets, Citing Inflation

Sony Playstation 5 Ps5 Reveal Trailer

In an announcement that sent waves through the gaming industry, Sony SEO Jim Ryan announced that the price of the PlayStation 5 will be increasing in “select markets”, due to global inflation issues and currency exchange factors.

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. Based on these challenging economic conditions, SIE has made the difficult decision to increase the recommended retail price (RRP) of PlayStation 5 in select markets across Europe, 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.

Supplied via the official PlayStation Blog, we can see the following new prices, effective immediately:

  • 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

What’s interesting to note is that there is currently no mention of the US in any announced information. Some immediately speculated that the price hike would affect the US market, considering rapid inflation issues within the country in the last year.

It’s unknown whether Sony will extend the price increases to the US in the near future.

About Rob Iannicca

Avid gamer and artist, I've been mastering games since the original Sega Genesis and have a passion for all things PlayStation. I write mostly about games and topics that interest me, but I'm always willing to try something new. Outside of gaming, I enjoy nature, hiking, painting, photography, weight lifting, animals, and spending time with close friends.

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