Why are PS5 prices so high?

Why are PS5 prices so high? PS5 price to increase in select markets due to global economic environment, including high inflation rates. New recommended retail price coming to select markets in the EMEA, APAC, and LATAM regions, plus Canada. The global economic environment is a challenge that many of you around the world are no doubt experiencing.

PS5 price to increase in select markets due to global economic environment, including high inflation rates. New recommended retail price coming to select markets in the EMEA, APAC, and LATAM regions, plus Canada. The global economic environment is a challenge that many of you around the world are no doubt experiencing.