Sony hikes PlayStation 5 price across most of the globe except the US
We've become all too familiar with price hikes for PC parts(opens in new tab) these past few years, but sadly now it's our console cousins' turn. Sony has announced that the price of a PlayStation 5 will increase in most regions worldwide, either immediately or imminently, though the US isn't affected.
For the UK market, that's an increase of £30; in Australia, around $50 AUD; in Canada, that's another $30 CAD to pay.
What's missing is the United States, which has avoided any price increase for the time being, leaving the Digital Edition at $400 and the disc version at $500. That's interesting in that the US is suffering from high rates of inflation currently, though these are perhaps steadying, but which may also signify that other factors are contributing to the rise in prices elsewhere.
«We’re seeing high global inflation rates,» Sony says(opens in new tab), «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…»
Sony's price increase comes at a time when inflation is soaring in many markets, with the knock-on effect of causing some companies to increase their prices. One important marker you can look at for this is the humble McDonald's cheeseburger.
Yes, a burger is something of a portent of price increases to come.
Having been priced at 99p, and staying that price for 14 years, McDonald's UK and Ireland have decided to increase its price to £1.19. It's worth noting that the UK has been hit especially hard by rising inflation and is forecast to continue on an upward trend.
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