Amazon logo with a Prime logo on a phone in the foregroundImage source, Getty Images

The price of Amazon's Prime service is going to be raised.

Monthly subscriptions will go up by $1 and annual memberships will go up by $9.

The price increase was due to increased inflation and operating costs, according to Amazon.

Increasing costs have led to an increase in subscription prices.

unlimited delivery of products and entertainment streaming services are offered by prime services

The new pricing will begin in September or at the customer's next membership renewal date, with the option to switch to an annual plan or cancel the membership.

Competition in the entertainment streaming industry has resulted in more offerings for customers.

The pressure of rising production costs is being felt in the UK.

According to new research, the rising cost of living in Britain has led to households canceling their streaming subscriptions.

The Terminal List is one of the original series that Amazon invested billions of pounds in.

It is investing millions of dollars in sport, including successfully bidding for the rights to screen Tuesday night football matches from the year 20.

The entire round of matches on and around Boxing Day are exclusive to the company. The US Open tennis tournament is exclusive to the UK for the next five years.

The price of plans is going to go up in the coming years. Two million subscribers are expected to leave in the three months to July.

Although at the height of the coronaviruses epidemic, there was a surge in subscriptions for platforms such as Amazon Prime and Disney+, according to researchers at Kantar.