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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