Sony Interactive Entertainment has officially announced that the price of the PlayStation 5 will increase, effective immediately, in many different countries and regions. More specifically, the PS5 price has gone up in Europe, UK, China, Australia, Mexico and Canada. Japan’s price is also set to rise from September 15th. For now, the US is unaffected, but given that the stated reason for the increase is the “global economic environment”, it seems somewhat like only a matter of time. The increase also comes on the heels of speculation that the company will increase the price of the PS5.
“The global economic environment is a challenge that no doubt many of you around the world face,” Official Announcement, attributed to SIE President and CEO Jim Ryan, read in part. “We are seeing rising global inflation rates, as well as adverse currency trends, affecting consumers and creating pressures on many industries. Based on these challenging economic conditions, SIE has made the difficult decision to increase the Recommended Retail Price (RRP) of the 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 increases in the US.”
You can check out the new recommended retail prices in each selected region, directly from PlayStation itself, below:
Europe
- PS5 with Ultra HD Blu-ray Drive – €549.99
- PS5 Digital Edition – €449.99
United kingdom
- PS5 with Ultra HD Blu-ray Drive – £479.99
- PS5 Digital Edition – £389.99
Japan (as of September 15, 2022)
- PS5 with Ultra HD Blu-ray Drive – 60,478 yen (tax included)
- PS5 Digital Edition – 49478 yen (tax included)
China
- PS5 with Ultra HD Blu-ray Drive – ¥4,299 yuan
- PS5 Digital Edition – 3499 JPY
Australia
- PS5 with Ultra HD Blu-ray Drive – AU$799.95
- PS5 Digital Edition – AU$649.95
Mexico
- PS5 with Ultra HD Blu-ray Drive – $14,999
- PS5 Digital Edition – 12,499 MXN
Canada
- PS5 with Ultra HD Blu-ray Drive – CAD 649.99
- PS5 Digital Edition – $519.99 CAD
As mentioned above, pricing for the new PlayStation 5 has gone into effect everywhere except Japan. For the US, the PlayStation 5 is currently available with the drive-in version for $499 while the all-digital console costs $399, assuming you can find either one in stock. You can check out all of our previous coverage of PlayStation 5 here.
What do you think about PlayStation increasing the price of PS5 in so many markets? Will you personally be affected by this increase? Tell us in the comments, or feel free to reach out to me and hit me up right on Twitter at Tweet embed In order to talk about all things gaming!
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