Update:

PlayStation Asia has also confirmed a PS5 price increase for the SEA region.

The new SRP of the PS5 in the Philippines is now PHP30,790, a PHP2,800 increase from the previous price of PHP27,990.

Updated prices for the whole region can be seen below:

Singapore

• PlayStation 5 with Ultra HD Blu-ray disc drive – SGD 799
• PlayStation 5 Digital Edition – SGD 669

Malaysia

• PlayStation 5 with Ultra HD Blu-ray disc drive – MYR 2,499
• PlayStation 5 Digital Edition – MYR 2,069

Indonesia

• PlayStation 5 with Ultra HD Blu-ray disc drive – IDR 9,699,000
• PlayStation 5 Digital Edition – IDR 8,199,000

Thailand

• PlayStation 5 with Ultra HD Blu-ray disc drive – THB 18,690
• PlayStation 5 Digital Edition – THB 15,690

Philippines

• PlayStation 5 with Ultra HD Blu-ray disc drive – PHP 30,790

Vietnam

• PlayStation 5 with Ultra HD Blu-ray disc drive – VND 15,990,000

Original:

Sony has announced that the price of the PS5 will be increased in select territories around the world, namely Europe, UK, Japan, China, Australia, Mexico, and Canada.

As posted on the PlayStation Blog, Jim Ryan leaves a short message for the fans, saying that this difficult decision was brought about by the events in the global economic environment.

“We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries,” says Ryan. “Based on these challenging economic conditions, SIE has made the difficult decision to increase the recommended retail price (RRP) of PlayStation 5 in select markets across Europe, Middle East, and Africa (EMEA), Asia-Pacific (APAC), Latin America (LATAM), as well as Canada.”

The US will not be affected by the PS5 price increase.

The new prices are as follows:

Europe (+€50)

• PlayStation 5 with Ultra HD Blu-ray disc drive – €549.99
• PlayStation 5 Digital Edition – €449.99

UK (+£30)

• PlayStation 5 with Ultra HD Blu-ray disc drive – £479.99
• PlayStation 5 Digital Edition – £389.99

Japan (effective Sept. 15, 2022 – +¥5,000)

• PlayStation 5 with Ultra HD Blu-ray disc drive – ¥60,478 yen (including tax)
• PlayStation 5 Digital Edition – ¥49,478 yen (including tax)

China (+¥400 Yuan)

• PlayStation 5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan 
• PlayStation 5 Digital Edition – ¥3,499 yuan

Australia (+AUD $50)

• PlayStation 5 with Ultra HD Blu-ray disc drive – AUD $799.95
• PlayStation 5 Digital Edition – AUD $649.95

Mexico (+MXN $1,000)

• PlayStation 5 with Ultra HD Blu-ray disc drive – MXN $14,999
• PlayStation 5 Digital Edition – MXN $12,499

Canada (+CAD $20)

• PlayStation 5 with Ultra HD Blu-ray disc drive – CAD $649.99
• PlayStation 5 Digital Edition – CAD $519.99

Ryan further continues by assuring fans that their top priority is to continuously improve the PS5 supply situation.

While the price increase has not been announced for the Philippines just yet, a footnote on the post says that “Select markets in EMEA, APAC, and LATAM not listed above may also receive price increases. Please check with your local retailer.”

As of this writing, no official word on a PS5 price increase for the Philippines has been given, so we’ll have to wait for PlayStation Asia’s announcement.