Just when you think the pandemic couldn’t get any worse, everything in the entire world decides to go up.
We have been seeing it everywhere. The grocery store, streaming services, and now Amazon could be next. The last time Amazon raised its Prime membership price was several years ago. Currently, the cost is $119 per membership. But now, inflation across the globe could mean another increase.
Kiplinger reports that Amazon is being tight-lipped about a rate increase for its loyal members, who were initially drawn to Amazon Prime’s free shipping before discovering its many other benefits. However, Amazon does have a history of increasing rates every four years. Amazon last raised membership prices in April 2014, before the 2018 increase.
“After a period of time, it should increase,” Greg Greeley, who ran the Amazon Prime program between 2013 and 2018, told Business Insider. “There has been a lot of upward pressure. So a reset due to inflation for the cost of shipping might be appropriate.” There is no confirmation yet on a price increase, however, we will keep an eye out and report any updates. As for now, enjoy the price as it lasts. (And we hope it does)