Amazon is raising the annual price of Prime membership citing higher transportation costs and wages
The online retail giant announced the Prime subscription price hike as it reported strong fourth-quarter sales on Thursday. Amazon drew a profit of $14.3 billion for the three-month period ended December 31, 2021 on sales of $137.4 billion. It's the company's fifth consecutive quarter in which revenue topped $100 billion as Americans engaged in online retail therapy during the pandemic.
The price of an annual membership to Amazon Prime is increasing to $139 from its current $119. Prime members who pay monthly will see their cost rise by $2, to about $15 per month. The $20 price hike for annual Prime membership represents a 17% increase — or roughly three times the current rate of inflation.
Those signing up for Prime for the first time will be charged the higher price starting February 18, while current members will see the new higher price after March 25, or whenever their membership renews, Amazon said.
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Amazon is raising the price of annual Prime memberships to $139Amazon is raising the price of its annual Prime subscriptions from $119 to $139 per year in the United States, the company announced along with its earnings report Thursday. The price of a monthly subscription will also increase from $12.99 to $14.99.
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Amazon is raising the price of Prime to $139 per year | EngadgetAmazon is hiking the price of Prime to $139 per year starting February 18th for new customers..
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Price of Amazon Prime memberships going upAmazon announced Thursday that it would be boosting the price of its Prime membership for U.S. customers, citing rising costs as the reason behind the decision.
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Amazon raises price of Prime subscriptionAmazon announced it would raise the cost of annual and monthly memberships for its Prime subscription. The company said Thursday that the price would rise from $119 to $139 annually, or from $12.99 to $14.99 monthly.
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Inflation hits Amazon: Price of Prime memberships going upAmazon announced Thursday that it would be raising the cost of its Prime membership as inflation continues to soar
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Price of Amazon Prime to go up 17%Amazon last raised the price of Prime in 2018.
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