Sony raised console prices in the UK and Europe earlier this year, citing high inflation and fluctuating exchange rates. US gamers have seen similar price hikes from other compani

Sony, which joins other video game console makers in hiking their prices, attributed the increase to the "challenging economic environment."

The current global economy has run havok with tech pricing norms. Now, it’s much harder to say whether a video game console will be more expensive at launch or not. The PlayStation 5 released in November of 2020 – nearly five years ago! – and now, almost half a decade into its lifecycle, Sony has announced price increases.