In Europe and the U.K., the price of the PS5 Digital Edition will rise to €499.99 and £429.99 respectively. That's a €50 price hike for the Europeans and a £40 price hike for the Brits. However, the standard PS5 with the disc drive won't see a price rise.

Key Takeaways Sony announced price increases on PS5 consoles in Europe, Australia and New Zealand.The company cited a "challenging economic environment," but did not mention the Trump administration's tariffs directly.

Sony has increased the price of PlayStation Plus, the company’s multi-tiered online subscription service, in over 20 countries including Canada, Australia, and Mexico. This comes after some of these same countries saw a price hike on PS5 consoles.