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Amazon Prime annual subscription increasing by 17%

Prime year subscription going up to $139
When Is Amazon Prime Day?
Posted at 3:17 PM, Feb 03, 2022
and last updated 2022-02-03 18:52:23-05

TUCSON, Ariz. (KGUN) — According to CNBC, Amazon is raising the price for its Prime subscription from $119 to $139.

The last increase was in 2018 when it went from $99 to $110.

Their monthly subscription price will also increase to $14.99 rather than $12.99.

Back in 2005, Amazon Prime members had access to free two-day shipping along with access to TV shows and movies.

Amazon has spent billions of dollars annually to add more videos and music to its streaming service. They've also put a lot of money into making their one-day shipping option a success.

As of last April, there are more than 200 million subscribers worldwide, spending more on Amazon rather than non-Prime costumers.

The reason of its price increase is to help with their supply-chain disruptions and workforce restrictions.

Amazon raised wages and offered generous signing bonuses to attract workers in a tight labor market.

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