Sony is raising the recommended retail prices of PlayStation 5 consoles across Europe, Australia, and New Zealand. The company cites “a challenging economic environment, including high inflation and fluctuating exchange rates” as the catalyst for the increase. The price increases were confirmed via a post on PlayStation Blog.

Japan's Sony said it has hiked the price of some PlayStation 5 consoles in select markets, but not the United States, because of "challenging" global economic conditions. The price of the PS5 digital edition,