PlayStation announces PS5 price increases

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A promo image of the PS5 alongside the PS4.
Credit: Sony Interactive Entertainment.
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For those yet to invest in the latest generation of consoles, watching the parade of games being showcased at Gamescom’s Opening Night Live might have convinced you to finally pull the trigger.

However, if the machine you’re eyeing up is manufactured by Sony, you might be set to pay a little bit more than you bargained for.


That’s because the PS5 is now set to go up in price in certain countries: a move that seemingly isn’t going down too well among many prospective customers.

The PS5 is set to become more expensive in certain regions

Announced via a blog post on PlayStation’s website authored by President and CEO, Jim Ryan, the changes will affect several key countries outside of the USA, with Ryan citing the current state of the “global economic environment” as the reason for the sudden price hike.

“We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries.” writes Ryan, continuing: “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.”


In the UK, the price of the version of the console with a built-in Blu-ray disc drive will be increasing to £479.99, while the digital only version will be pegged at £389.99, marking an increase of £30 over the previous prices, while Europe as a whole will see the former rise to €549.99 and the latter hit €449.99, an increase of around €50.

Over in Asia, prices in China will increase to ¥4,299 yuan (disc drive) and ¥3,499 yuan (digital) and, from September 15 onwards, Japanese prices will rise to ¥60,478 yen (disc drive) and ¥49,478 yen (digital), with both of those prices factoring in tax.

Meanwhile, Australia will see the disc drive version cost $799.95 and the digital version cost $649.95.


As previously mentioned, the USA itself won’t see any price changes, but both Canada and Mexico will, with $649.99 (disc drive) and $519.99 (digital) being cited for the former, while $14,999 (disc drive) and $12,499 (digital) are the new figures for the latter.

These changes haven’t gone down very positively on sites like ResetEra, with users speculating that the PSVR2 headset will be more expensive than they’d like when it hits shelves next year.

Regardless of how you feel about the price increases, make sure to follow us for more coverage of Microsoft and Sony’s flagship consoles.