It was only a matter of time before Sony followed in Microsoft's footsteps and announced its own PlayStation 5 price hikes.

Starting tomorrow, the PS5 is getting more expensive. In an announcement on the PlayStation blog, Sony has announced that the prices for all the different editions of the PS5 are increasing. Here is the list of new prices: PlayStation 5 Digital Edition – $499.99 PlayStation 5 Pro – $749.99

Starting Thursday, you can expect to pay more for a new PlayStation, thanks to "a challenging economic environment."

Each PS5 model will now cost $50 more thanks to what Sony calls 'a challenging economic environment.' It follows Microsoft and Nintendo also upping console prices.