Tariffs are causing widespread price increases across consumer goods including diapers, toothpaste, cars, and clothing. Families face millions more for back-to-school supplies and an additional $2 billion for new clothes. Home repairs and renovations are projected to rise in cost. In gaming, average console prices have increased $30–$100 year-over-year. Rockstar's GTA 6 is expected to drive millions of console purchases, effectively adding a 20–35% premium to upgrading. Microsoft raised Xbox Series S from $300 to $370 and Series X from $500 to $600. Nintendo bumped older Switch models and accessories, and Sony raised the disc-less PS5 to $500 with other versions up $50.
Rockstar Games' next blockbuster is expected to help sell millions of new PlayStation 5 and Xbox Series X/S consoles, the only hardware you'll be able to play GTA 6 on when it arrives next May. It's the kind of release that gets people who have been holding out on upgrading or who dropped out of gaming altogether to walk into a GameStop or Walmart and pick up a new console. And doing so will now cost an additional 20-35 percent.
In May, the Xbox Series S went from $300 to $370 and the Xbox Series X went from $500 to $600. Controllers and headsets also got more expensive. Nintendo followed suit earlier this month, holding the line on the $450 price tag of its new Switch 2 but bumping the older models up by $50, with accessories getting multiple rounds of price hikes.
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