Microsoft is raising the prices of its Xbox consoles globally, and has also announced that it will charge $80 for games starting later this year.

“We understand that these changes are challenging, and they were made with careful consideration given market conditions and the rising cost of development,”Microsoftsaid in a statement toIGN.

Microsoft is raising prices on Xbox consoles, with games set to hit $80 this year

“Looking ahead, we continue to focus on offering more ways to play more games across any screen and ensuring value forXboxplayers.”

Most notably, the price ofXbox Series Xand Series S consoles has been increased by $100 and $80 respectively in the US.

Gotham Knights - Deluxe Edition (Xbox Series X|S)£…

The UK appears to be one of the countries affected least by the increase – while Xbox Series S has risen by £50, Series X has only seen a £20 increase.

Microsoft has provided the following list of revised prices, viaThe Game Business:

Xbox Elite Series 2 Wireless Controller£110.61£169…

New Xbox pricing (UK)

New Xbox pricing (Europe)

This is the latest in a series of price increases across the video game industry.

Last month,Sonyannounced that it would increase the price of thePS5Digital Edition again in some regions (but not the US).

Need for Speed Unbound (Xbox Series X|S)$7.99$15.9…

The PS5 Digital Edition now costs €499.99 in Europe, up from its previous price of €449.99 (an increase of €50). Meanwhile, in the UK the console now costs £429.99, up from its previous £389.99 (an increase of £40).

This is the second time Sony has raised the price of the PS5 Digital Edition,having previously done so in 2022. The console originally cost €399.99 in Europe and £359.99 in the UK, meaning the new price marks a total increase of €100 / £70 since launch.

Xbox Series X Digital$448£449$449.99$548

PlayStation VR2$399.99£405£459£529.99$549.99

PlayStation Portal$189.76$199.99$199$199£199£199.9…