Buying the latest-gen Sony console just got more expensive as the company just raised the price of PlayStation 5 consoles.

If you’ve been eyeing a PlayStation 5, here’s the bad news: it just got more expensive. Sony says the popular gaming system’s price increase is due to a “challenging economic environment.” That includes a mix of factors,

On August 20 — just hours before the tech world dialed into the Made by Google Pixel 10 launch — Sony announced that it's raising the recommended prices for PS5 consoles by $50 for U.S. retailers. The new prices will likely take effect starting Thursday, August 21, though retailers may implement the new prices at different times.