PlayStation quietly cuts one key price amid PS5's hefty price rises

It has recently been revealed that Sony will be increasing the price of the PlayStation 5 console across Europe and Australia.

However, amongst this disappointing news, it has now been announced that Sony will be cutting costs elsewhere.

Check out the console in question in the trailer below!

As for the console price hikes, they will go into effect immediately and will see the price of the PlayStation 5 increase for both its digital and physical editions across the UK, Europe, Australia, and New Zealand.

If you needed a reminder, here are the price increases:

PS5 Digital Edition -

UK - £429.99 (an increase of £40)

Europe - €499.99 (an increase of €50)

Australia - AUD $749.95

New Zealand - NZD $859.95

PS5 Standard Edition (w/ Disc Drive) -

Australia - AUD $829.95

New Zealand - NZD $949.95

Although this is disappointing news for those yet to purchase the PlayStation 5, there are two sources of good news.

First is that the PlayStation 5 Pro will not undergo any price increases, which means that it will now be cheaper to upgrade if you wish to buy the disc drive version.

Additionally, it has now been revealed that Sony will be decreasing the price of its Ultra HD Blu-ray disc drive which is another win for enjoyers of physical media.

The optional accessory will now cost £69.99 / €79.99 / AUD $124.95 / NZD $139.95, making it a £30 decrease for those in the U.K. which is quite substantial.

The cost of living crisis is affecting us all so it is nice for Sony to finally realise this and try and help out, even if it is just with an optional accessory.

However, these price increases are making some PlayStation fans fear for the future when it comes to the arrival of the PlayStation 6.