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اخبار گوهردشت - Amazon Prime subscription price raised by £1 a month - 7/26/2022 10:25:35 PM 10:25:35 PM 

Amazon is to raise the price of its Prime service for UK customers due to higher operating costs.

 

From September, monthly subscriptions will go up £1 to £8.99 and annual membership will rise from £79 to £95.

Amazon said the price rise, its first in the UK since 2014, was partly due to inflation, which is at a 40-year high.

Other services such as Netflix have also increased subscription prices, despite signs people are beginning to cut back on streaming services.

However, Amazon Prime offers more than just its streaming service. Prime also offer unlimited deliveries of products.

Amazon said the new pricing would begin from September, or at the customer's next membership renewal date, adding that switching to an annual plan or cancellation of membership was also an option.

The move comes at a time when many households are looking to cut back on spending, with prices of goods rising at the fastest pace for 40 years.

Retail analyst Natalie Berg, who has written a book about how Amazon will shape the future of shopping, said the Prime price hike was "not really a surprise" after Amazon put up its prices for Prime in the US in February.

"It is an incredibly bold move to increase fees smack in the middle of the worst cost-of-living crisis in a generation, but Amazon is indispensable to many shoppers and they [the company] know that," she told the BBC.

"Amazon has become so deeply embedded in our daily lives that so many people will accept the hike."

Recent research has suggested that more people are cancelling video streaming subscriptions, such as Netflix, Disney+ and Amazon Prime, due to the rising cost of living.

A total of 1.66 million services were dropped in the second quarter of 2022, market research firm Kantar said, with the under-24s age group most likely to cancel.

Amazon Prime is a paid subscription service from Amazon which is available in various countries and gives users access to additional services otherwise unavailable or available at a premium to other Amazon customers. Services include same, one or two-day delivery of goods and streaming music, video, e-books, gaming and grocery shopping services. In April 2021, Amazon reported that Prime had more than 200 million subscribers worldwide.

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