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Price raised by Amazon due to high operating costs
Price raised by Amazon due to high operating costs
Price raised by Amazon due to high operating costs

Science and Technology

Price raised by Amazon due to high operating costs

Price raised: Amazon is to increase the price of its Prime service for UK customers due to higher operating costs.

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From September, monthly subscriptions will rise from £1 to £8.99 and annual memberships 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 Price raised.

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Other services, such as Netflix, have also raised subscription prices. Despite signs that people are starting to cut back on streaming services.

However, Amazon Prime offers more than just its streaming service. Prime also offers unlimited product deliveries.

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Amazon said the new prices will take effect from September or the customer’s next membership renewal date. Adding that switching to an annual plan or canceling membership is also an option.

The move comes at a time when many households are scrambling to cut spending. it. With commodity prices rising at their fastest pace in 40 years.

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How Amazon will shape the future of shopping

Retail analyst Natalie Berg, who has written a book on how Amazon will shape the future of shopping. Said the Prime price hike was “not really a surprise” after Amazon raised Prime prices in the US in February.

Price raised by Amazon due to high operating costs
Price raised by Amazon due to high operating costs

“It’s an incredibly bold move to raise fees in the midst of the worst cost-of-living crisis in a generation, but Amazon is essential to many shoppers and they [the company] know it,” she told the BBC.

“Amazon has become so deeply embedded in our daily lives that so many people will take the trip.”

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Earlier this year. A survey commissioned by the BBC found that people facing soaring energy bills and fuel prices are cutting back on food. And car trips to save money. More than half (56%) of the 4,011 people surveyed bought less food and the same proportion skipped meals.

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

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

More than a third of the cancellations were attributed to cost cutting, with “wanting to save money” the main reason.

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Can I save money on a subscription?


It might be just one pound a month, but with everyone looking to tighten their budgets at the moment, every pound counts, here are some ideas to beat the rise.

Most people pay for Amazon Prime on a monthly basis, which means Price raised will start from mid-September. But if you’ve got the cash on hand, you can save by prepaying a full year’s subscription before that point. This locks you in at the lower price until 2023, saving you around £30.

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It’s worth checking you’re signed up to Prime even if you think you’re not. As it’s easy to accidentally click “join” when making a purchase and get a membership without realizing it.

Take a long look at your subscription. There’s no fee to cancel your monthly Prime membership, and after a lot of push. Amazon has made the cancellation process easy to find and click through. They should even give you a refund if you’ve only recently paid for that month. If you later decide to sign up again, you can even get one month free when you reconnect. Saving you £8.99.

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If you have several different TV subscriptions, it’s worth thinking about rotation. Maybe your Christmas fix is ​​with one provider, but your summer love is with another – switch them so you only pay for one at a time. Watch, then cancel your membership and switch to another service rather than paying for each one for a year.

High competition in the streaming industry has led to competitive pricing and offers for customers.

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Netflix made its plans more expensive in 2021 and 2022

But Netflix made its plans more expensive in 2021 and 2022. It recently announced that it lost nearly a million subscribers between April and July and has now lost members for two straight quarters.

However, Ms. Berg added that Amazon Prime cannot be directly compared to Netflix and other streaming platforms because the brand’s core service is free product shipping.

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“Amazon has a lot more stickiness because of the shopping element,” she said.

Amazon said it has invested billions of pounds in streaming content in recent years, with original series such as The Terminal List and Clarkson’s Farm.

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It has also moved into sports broadcasting after successfully bidding for the rights to show Champions League Tuesday night football matches from 2024.

Amazon already has exclusive rights to 20 Premier League games per season, including the full round of matches on and around Boxing Day each year. And it has a five-year deal to exclusively broadcast US Open tennis in the UK.

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