Sony hiked the price of its flagship PlayStation 5 console in Europe, Australia and New Zealand, citing a "challenging economic environment" as the reason behind the move. Sony said it has made the "tough decision" to raise prices against the "backdrop of a challenging economic environment,

Sony just increased the price of its PlayStation 5 gaming console in Europe, the UK, Australia, and New Zealand. The prices, effective starting April 14, are as follows: Australia: Standard PS5 with Ultra HD Blu-ray disc drive – AUD $829.

Sony says it will raise prices starting Monday for some PlayStation 5 video game consoles in Europe, Australia and New Zealand, citing global economic turmoil.