Sony reveals an increase in prices for PS5 consoles in Europe, the UK, Australia, and New Zealand

Price hikes for the standard PlayStation 5 have been revealed by Sony Interactive Entertainment for regions including Europe, the UK, Australia, and New Zealand. The update was made effective immediately.

According to a blog entry by SIE's global marketing vice president Isabelle Tomatis, the adjustments are due to an "economic climate filled with challenges."

The PS5 Pro's price will stay the same.

Tomatis explained that due to "economic challenges such as high inflation and changing exchange rates," SIE decided to increase the recommended retail price of the PS5 in certain areas.

Though prices in the Middle East and Africa (EMEA) are set to rise, specific figures have not been disclosed. Consumers in these regions are advised to check with local vendors or visit direct.playstation.com.

For Europe and the UK, the new price for the PS5 digital edition is €499.99/£429.99. The price for the standard PS5 with a disc drive remains unchanged there.

In Australia and New Zealand, both versions of the console see price increments.

The PS5 with a disc drive will now cost AUD $829.95/NZD $949.95, while the digital edition will be AUD $749.95/NZD $859.95.

The price for the standalone PS5 disc drive has been reduced. In Europe and the UK, it is priced at €79.99/£69.99, and in Australia and New Zealand, the cost is AUD $124.95/NZD $139.95.