Sony raising PS5 price in Europe, UK, Japan and more due to economic pressures and inflation

Sony has increased the recommended retail price of PlayStation 5 in dozens of markets around the world, including the UK, Europe, Canada and the company's home market of Japan.

Jim Ryan, president and CEO of Sony Interactive Entertainment, announced the change in a blog post, attributing it to "the global economic environment."

"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."

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