Another PlayStation 5 price hike arrives five years after launch

We're very deep into the current console generation, with both the PS5 and Xbox Series X/S consoles approaching five-years on the market. At this point, we would expect to see prices come down, but Sony has other ideas. In several regions, including the UK, the price of the PS5 is about to increase. 

Once the price hike comes into effect, the PS5 will actually be more expensive now than it was five years ago. The PS5 Digital Edition launched at £359.99 back in 2020. Sony increased the price of the system to £389.99 in 2022 and now in 2025, the price is going up again to £429.99, meaning the price of this console has risen by £70 in five years. Typically as hardware matures, prices come down but this generation, that has not been the case.

In Europe, the PS5 Digital Edition launched at €399.99 but now in 2025, the console will begin selling for €499.99, a €100 increase from launch. Unfortunately, those in Australia and New Zealand aren't escaping the price hikes either, with prices going up to $749.95.

For now, the PS5 with disc drive and the PS5 Pro will not receive a price increase in the UK or Europe. However, in Australia and New Zealand, the price of the standard edition console is also going up to $829.95.

For the second time in a row, the US has been spared of any price increases.

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KitGuru Says: The PS5 is now more expensive than ever, despite the fact that we are entering the final years of this console generation. If prices are like this now for the PS5, I dread to think what the PS6 will cost when it launches. 

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