Summary:
- Sony has announced that it will be raising the prices of its PlayStation 5 (PS5) console in select markets around the world.
- The price increase will be around $50 USD, making the standard PS5 model cost $549.99 instead of $499.99.
- This price hike is due to the ongoing global economic challenges, including high inflation rates and supply chain issues, which have impacted the cost of producing the PS5 console.