India, Aug. 26 -- PS5 Price increase in the US has been attributed by Sony to the challenging economic environment. Another reason behind this price increase is the tariffs and the result is the price hike before the start of the holiday season in the US. PlayStation 5 was launched at $499 for the Standard version and $399 for the digital-only version, but now Sony has increased the prices of the Standard version to $549.99, digital-only version at $499.99 and PS5 Pro at $749.99. But it looks like the price hike is not going to stop here. An analyst from Circana, Mat Piscatella has warned that "We may see console prices rise more".

This has posted on 'X' by the user, "Hunter' and here is the post:

Now the fans on gaming subreddit have a...