(Gray Louisiana) - Sony Interactive Entertainment is raising the price of the PlayStation 5 in the U.S. In an announcement, Sony says the new recommended retail prices will go into effect Thursday, Aug. 21:

Sony said it is bumping up the price of PlayStation 5 video game consoles by $50 in the US due to a "challenging economic environment."

Sony joins Microsoft and Nintendo in raising gaming console prices following President Donald Trump’s tariffs on China.

Each of the three current models of the PS5 consoles will go up by $50. That means the PS5 Digital Edition will be $500 instead of $450; the standard PS5 (with Blu-ray optical drive) will be $550 instead of $500; and the high-end PS5 Pro will be $750 instead of $700.

All three PlayStation 5 consoles will see a similar price hike, with the most expensive PS5 Pro version expected to cost $749.99, the company said.

Sony is hiking prices on every model of the PS5. If you've had your eye on one, now might be the best to buy. Here's what you need to know.

Sony on Wednesday said it is bumping up the price of PlayStation 5 video game consoles by $50 in the United States due to a "challenging economic environment."

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