PS5 Price Hike Hits Europe, Australia, New Zealand

Sony is increasing the recommended retail prices of PlayStation 5 consoles across numerous regions, including Europe, Australia, and New Zealand. The company attributes this decision to a "challenging economic environment, marked by high inflation and volatile currency exchange rates."

The price adjustments were officially announced in a post on the PlayStation Blog.

The price for the PS5 Pro model remains unaffected.

Following comparable RRP increases introduced in 2022, the PS5 is now significantly more expensive in many markets compared to its original launch pricing.

In Europe and the UK, the PS5 Digital Edition now costs €100/£70 more than at launch (previously €400/£360). In Australia, the standard PS5 is AUD $80 higher than its launch price (up from AUD $750), and the digital edition has risen by AUD $150 (from AUD $600). In New Zealand, the standard PS5 now costs NZD $130 more than its initial price (NZD $820), while the digital version has increased by NZD $210 (previously NZD $650).

In contrast, the recommended retail price for the PS5 disc drive standalone accessory is being reduced to €80/£70/AUD $125/NZD $140.