PlayStation 5 price bump hits Europe, Australia, and NZ, Sony blames the economy

In a nutshell: Sony has increased the price of its original PlayStation 5 console in several regions, citing a challenging economic environment that includes both high inflation and fluctuating exchange rates. Aren't prices for aging consoles supposed to go down over time, not up?

In Europe, the PS5 digital edition now carries a recommended retail price (RRP) of 499.99 euros. That's up from the previous rate of 449.99 euros and the 399 euro launch price when the system debuted a little over four years ago. In the UK, you'll now pay £429.99 for a PS5 digital edition (previously £389.99).

The PS5 with disc drive will retain its existing price point in these regions, Sony said. In Australia and New Zealand, however, both the PS5 with disc drive and digital editions are now more expensive. In Australia, it's now AUD $829.95 for ...