Amazon says subscription costs are set to go up soon.
Amazon last raised their Prime membership rate in 2018.
They announced yesterday that an annual membership will go up $20 from $119 to $139 and the monthly fee will go up $2 from $12.99 to $14.99.
Jamil Ghani, Amazon Prime vice president, said in a statement, that the price of Prime is increasing with "the continued expansion of Prime member benefits as well as the rise in wages and transportation costs."
For new members, the price change will go into effect Feb. 18. For current Prime members, the new price will apply after March 25 on the date of their next renewal.
This comes amid rising operating costs for the retail giant.
Streaming services like Netflix and Hulu have also done the same in recent months.
01/22/25 - Bitter Cold Causes Massive Problems
01/10/25 - California Wildfire Relief Funding
8/5/24 - Flights Impacted Because Of Hurricane Debby
8/2/24 - U.S. / Russia Prisoner Exchange
