• Sony increases PS5 prices in Europe, Australia, and New Zealand.
• The price hike is driven by high inflation and fluctuating exchange rates.
• Digital Edition PS5 in Europe will rise to €499.99 (about $570).
• The UK price is set at £429.99, up by £40.
• Physical editions remain unchanged in the UK while disc drive prices decrease.

Sony Interactive Entertainment has announced a price increase for its PlayStation 5 consoles in select markets, including Europe, Australia, and New Zealand. The company attributed this decision to "a challenging economic environment," which encompasses high inflation and fluctuating exchange rates. Effective from April 14, 2025, the price for the PS5 Digital Edition will increase to €499.99 in Europe, a rise from the previous price of €449.99 according to India Times.

The price adjustments reflect an increase of about 11% for the PS5 in various regions. In the UK, the cost will jump to £429.99, which has risen by £40 from its previous price. There are similarly elevated prices in Australia, where the PS5 with a disc drive will cost AUD $829.95, and in New Zealand at NZD $949.95, as noted by Channel News Asia.

Moreover, while these price increases take effect, Sony has also announced a reduction in prices for PS5 Disc Drives in various markets. For instance, the price for the disc drive will drop to £69.99 in the UK, down from £99.99, reflecting an effort to offset some cost burdens for consumers, according to BBC.

This is not the first instance of price adjustments for Sony, as earlier increases in 2022 had already raised prices due to similar economic pressures. The ongoing global challenges have led to speculation about potential future price hikes across the gaming industry, especially with the upcoming Nintendo Switch 2, potentially influenced by tariff considerations, as reported by Forbes.