PS5 price to increase in select markets: is India one of them?

Sony has increased the PS5's price in certain markets across the globe due to global inflation rates.

Highlights
  • Sony has increased PS5 price in certain markets across Europe, Middle East and Africa, Asia-Pacific, Latin America, as well as Canada.
  • Fortunately, the PS5 price in India hasn’t increased yet.
  • Sony says global inflation rates and poor currency trends led to the PS5 price hike.

Sony has announced that PS5 price will be increasing in select markets across the globe. PS5 consoles are going to be more expensive in Europe, the UK, Japan, China, Australia, Canada, and Mexico. The company has said that the PS5 price hike is due to high global inflation rates and poor currency trends affecting many industries and consumers. Fortunately, Sony hasn’t increased the PS5 price in India yet. Microsoft has already increased Xbox Series X|S, controller, and headset prices in the country. It’s unclear whether Sony will be increasing the PS5 price in other markets later.

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Sony Interactive Entertainment President and CEO Jim Ryan said, “We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries. Based on these challenging economic conditions, SIE has made the difficult decision to increase the recommended retail price (RRP) of PlayStation 5 in select markets across Europe, Middle East, and Africa (EMEA), Asia-Pacific (APAC), Latin America (LATAM), as well as Canada. There will be no price increase in the United States.”

Sony has detailed new recommended retail prices of PS5 for Europe, UK, Japan, China, Australia, Canada, and Mexico.

Europe

  • PS5 with disc drive – €549.99 (approximately Rs 43,888)
  • PS5 Digital Edition – €449.99 (approximately Rs 35,913)

UK

  • PS5 with disc drive – £479.99 (approximately Rs 45,391)
  • PS5 Digital Edition – £389.99 (approximately Rs 36,880)

Japan (effective from Sept. 15, 2022)

  • PS5 with disc drive – ¥60,478 yen (approximately Rs 35,405)
  • PS5 Digital Edition – ¥49,478 yen (approximately Rs 28,958)

China

  • PS5 with disc drive – ¥4,299 yuan (approximately Rs 50,532)
  • PS5 Digital Edition – ¥3,499 yuan (approximately Rs 40,763)

Australia

  • PS5 with disc drive – AUD $799.95 (approximately Rs 44,605)
  • PS5 Digital Edition – AUD $649.95 (approximately Rs 36,241)

Mexico

  • PS5 with disc drive – MXN $14,999 (approximately Rs 60,313)
  • PS5 Digital Edition – MXN $12,499 (approximately Rs 50,260)

Canada

  • PS5 with disc drive – CAD $649.99 (approximately Rs 40,221)
  • PS5 Digital Edition – CAD $519.99 (approximately Rs 32,174)

Sony has also assured that it is working on “improving the PS5 supply situation so that as many players as possible can experience everything that PS5 offers.” PS5 stocks still aren’t enough in India and buyers have to wait for monthly restocks to get a console. The situation seems to be even worse with Xbox Series X availability in the country. Hopefully, the Indian market may get better PS5 and Xbox Series X stocks in the near future.