All three PlayStation 5 consoles will see a similar price increase. The most expensive Pro version now has a recommended retail price of $749.99. The price hikes come after US President Donald Trump imposed tariffs on most of America's trading partners, including Japan, which has led to fears of rising costs.

Sony announced Wednesday that its popular video game console, the PlayStation 5, will face a price increase in the United States this week, with the company becoming the latest console maker to raise...

Inflation, the ongoing trade war sparked by Trump’s tariffs, overall global economic uncertainty – take your pick.