SONY hikes PS5 price due to high inflation rates

As many of us have already seen, the global economic environment is now challenging.

Due to the current global economic situation and its influence on SIE's operations, experts believe that this price increase is necessary.

So, Sony just announced that PlayStation 5 prices are going up in some major gaming markets due to "challenging economic conditions."

However, one piece of good news is that its price will not be raised in the US market.

The price of the PS5 will only rise in Europe, Japan, the United Kingdom, Australia, Mexico, and Canada.

The price increase is expected to take effect on September 15th.

Sony also said that their customers will support them in this.