Here's What Sony Says About PlayStation Plus' recent price hike

The added membership tier as well as the recent market conditions are to blame for the price increase.

PlayStation has announced that the PlayStation Plus 12 month plan options will have their price increased. : r/PlayStationPlus

Sony raises annual subscription price for PlayStation Plus

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Sony's PS Plus price hike is hard to justify

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All PlayStation Plus Tiers Are Going Up in Price on September 6

PlayStation Plus price increase for 12-month plans coming in September - Polygon

Let's get a gut check on the PS Plus Price increase : r/LastStandMedia

PlayStation Plus: Plans, Pricing, Features, and Games

PlayStation Plus 12-month subscriptions are receiving a substantial price hike