Amazon raising price of Prime membership for new and current members

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Amazon raising price of Prime membership for new and current members
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Amazon is raising the price of its Prime membership for the first time since 2018. An annual membership will cost $139 up from $119.

Payton, USA TODAYAn annual membership will go up $20 from $119 to $139 and the monthly fee will go up $2 from $12.99 to $14.99, the company said Thursday.

Jamil Ghani, Amazon Prime vice president, said in a statement, that the price of Prime is increasing with"the continued expansion of Prime member benefits as well as the rise in wages and transportation costs." For new members, the price change will go into effect Feb. 18. For current Prime members, the new price will apply after March 25 on the date of their next renewal.

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