PlayStation 5 is getting a global price increase Skip to content Click here to check out the GameByte Shop great games, consoles and more! For the players. PlayStation 5 is getting a global price increase 25 August 2022 by Richard Breslin PlayStation 5 price increase has been confirmed by Sony across global territories. That is, however, apart from the United States. The news of the PS5 price increase was revealed on the PlayStation Blog by SIE President and CEO, Jim Ryan. Consequently, the price increase is effective immediately, apart from Japan, which has a few weeks’ notice. Credit: Sony I have checked the prices via the UKs PlayStation Direct store, and at the time of writing, the PS5s have the original RRP. However, the prices may have been updated by the time you have read this article.ADVERT ADVERT PlayStation 5 stock is still in short supply That being said, stock shortages are still plenty, so it will be unlikely that you’ll bag a console at the lower RRP, unfortunately. The reason for the price increase is apparently due to “high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries.” Credit: GameByte Sony says that it has made the “difficult decision” to increase the RRP in regions such as the UK and Europe, Japan, China, Australia, Mexico as well as Canada. Furthermore, no reason was given as to why the United States isn’t included in the PS5 price hike. PlayStation 5 price has increased by £30 At least for the UK, this means that the PS5 disc edition jumps from £449.99 to £479.99. While the PS5 digital edition jumps from £359.99 to £389.99.ADVERT ADVERT Below are the new RRPs following the PS5 price increase Europe PS5 with Ultra HD Blu-ray disc drive – €549.99PS5 Digital Edition – €449.99 UK PS5 with Ultra HD Blu-ray disc drive – £479.99PS5 Digital Edition – £389.99 Japan (effective Sept. 15, 2022)ADVERT ADVERT PS5 with Ultra HD Blu-ray disc drive – ¥60,478 yen (including tax)PS5 Digital Edition – ¥49,478 yen (including tax) China PS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan PS5 Digital Edition – ¥3,499 yuan Australia PS5 with Ultra HD Blu-ray disc drive – AUD $799.95PS5 Digital Edition – AUD $649.95 MexicoADVERT ADVERT PS5 with Ultra HD Blu-ray disc drive – MXN $14,999PS5 Digital Edition – MXN $12,499 Canada PS5 with Ultra HD Blu-ray disc drive – CAD $649.99PS5 Digital Edition – CAD $519.99 Jim Ryan also stated that despite the “necessity” of the PS5 price increase, Sony’s priority is to improve the “PS5 supply situation so that as many players as possible can experience everything that PS5 offers and what’s still to come.” Get a first look at the DualSense Edge wireless controller: https://t.co/PJEVb216T2 Customizable controls, back buttons, changeable stick caps, on-controller interface and more pic.twitter.com/sAtVdrg6Us- PlayStation (@PlayStation) August 23, 2022 In recent PlayStation 5 news, Sony announced the brand-new DualSense Edge controller at Gamescom. This is the PS5’s take on the Xbox Elite controller. At this time, no price for the DualSene Edge has been confirmed.ADVERT ADVERT What are your thoughts on the PlayStation 5 price increase? Let us know across our social media channels. While you’re here, be sure to check out our video of the week. 10 of the scariest horror games of all time are shown off. What is your favourite horror game? Featured Image Credit: Sony/Source: PS BlogADVERT TweetShareSharePin Follow us on @GameByte @gamebyte GameByte GameByte GameByte Noobs Play @GameByte @gamebyte GameByte GameByte GameByte Noobs Play External Links Policy GameByte Staff About GameByte Advertise with us Careers Ambassador Program Contact Terms and Conditions Privacy Policy Cookie Policy Manage Cookies Preferences Submit Your Content FragHero Sporf 9 to 5 Life Social Chain Social Chain Agency