The PS5’s price hike is a sign of things to come

The announcement that the PS5’s price will be increasing in most global markets was pushed out as a post on the PlayStation blog earlier this week.

Sony may have been hoping that news from Gamescom would soften the impact a little, compared with dropping this kind of news in one of the summer’s more empty weeks.

There’s plenty of upset going around in consumer circles about the PS5 price increase,

the scale of the PS5 price hike is markedly lower than the 25% increase in the price of Meta’s Quest 2 headset last month.

That 25% bump to the price tag of an already expensive piece of hardware is thankfully likely to remain an outlier, but the general trend of price increases is only getting started, and more modest rises are likely to be seen across the board.

Inflation isn’t the only factor either. The fact that the United States isn’t seeing a PS5 price jump despite inflationary pressures also reveals the extent to which the unsettled currency markets are to blame

The strong dollar is effectively hedging against inflationary pressure for US consumers, while the relative weakness of currencies like the Euro and the Yen pushes additional costs onto consumers in those regions.