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LONDON (AP) — Sony said it will raise prices starting Monday for some PlayStation 5 video game consoles in Europe, Australia and New Zealand, citing global economic turmoil.

Across Europe, Sony is increasing the price of the cheapest Playstation 5: the version without the drive now costs 500 euros.

Sony has confirmed that the price of certain PlayStation 5 consoles are set to rise due to a "challenging economic environment".