United Kingdom, Aug. 21 -- Sony has raised PlayStation 5 prices in the United States as it battles rising costs and a slowing video game market.

All three PS5 consoles will see a similar price rise and the most expensive Pro version now has a recommended retail price of $749.99.

This is because the company faces a "challenging economic environment", according to Sony Interactive Entertainment's vice president of global marketing Isabelle Tomatis.

The price hikes come into effect from Thursday (21.08.25) after US President Donald Trump imposed tariffs on most of the country's trading partners, including Japan, which has sparked fears of rising costs.

Tomatis said: "We've made the difficult decision to increase the recommended retail pr...