Gaming prices are on the rise, with Microsoft recently announcing an increase in the cost of Xbox consoles, games, and accessories. While the price hike for games is set to begin in the holiday season, affecting select first-party titles, the cost of hardware is already changing.

As of May 1, most Xbox consoles will be significantly more expensive. The Xbox Series S now retails at $379.99, a steep increase from its previous price of $299.99 for the 512GB model.

The 1TB version of the Series S will see its price rise to $429.99. The Xbox Series X isn’t spared either; the all-digital model will go up to $549.99, while the disc version will now be priced at $599.99.

For those seeking the Galaxy Black Special Edition with 2TB of storage, the price is now set at a hefty $729.99. Given these increases, many consumers may find Xbox Game Pass to be a more appealing option, as Microsoft has decided to keep its subscription service’s pricing unchanged.

This could be economically advantageous for gamers amidst the escalating costs of hardware and titles. In addition to the consoles, Microsoft is also raising prices on Xbox peripherals.

The base Xbox wireless controllers are now priced at $64.99, while the Elite Series 2 controller will cost $199.99. Color and Special Edition controllers are also seeing price hikes.

The Xbox Stereo Headset and the Xbox Wireless Headset will now retail for $64.99 and $119.99, respectively. Interestingly, while accessory prices will rise in the U.S. and Canada, they will remain unchanged in other regions.

Microsoft hasn’t provided specific reasons for this discrepancy. Although some speculate that tariffs may be influencing the decisions, Microsoft attributes the adjustments to “careful consideration” of market conditions and rising development costs.

This trend poses a challenge for Xbox against competitors like Sony’s PS5, which has maintained more stable pricing for its models, offering a competitive edge in the gaming market.