New Delhi, July 18 -- Apple Music has raised subscription prices in several markets worldwide, including the United States, marking the service's first price increase since late 2022.

The new rates affect the individual, family and student plans in the US. The individual subscription has increased from $10.99 to $11.99 a month, while the family plan, which allows up to six accounts, has risen from $16.99 to $19.99. The student plan is now priced at $6.99 per month, up from $5.99, and is available to verified students enrolled at degree-granting universities.

In a statement, Apple said, "As a result of rising licensing costs, Apple Music is increasing its subscription price beginning today."

The price adjustments come as music streaming...