Roughly a month and a half after Sony announced price increases for the PlayStation 5 , the company will raise the prices of PlayStation Plus Essential (the cheapest tier). Both 1-month and 3-month subscriptions will increase starting May 20 due to "ongoing market conditions," according to the announcement .  Starting May 20, the price of a 1-month subscription will increase to $10.99, up from $9.99, while the 3-month subscription will increase to $27.99, up from $24.99; basically, the 1-month subscription will increase by $1, and the 3-month subscription will increase by $3.  Sony notes that this price change will not apply to current subscribers (except those in Turkey and India) unless your existing subscription changes or lapses. As for the ongoing market conditions, Sony keeps it vague, but it's likely alluding to rising memory costs due to AI buy-up, existing economic and market struggles, and tariffs implemented by the U.S.…