Microsoft blamed “market conditions” and rising costs of production for the need to increase the prices of its Xbox consoles.

Microsoft will be raising the recommended retail prices of its Xbox consoles and controllers, and video games are next. Microsoft says some new first-party games will see a holiday season price increase to $79.

Microsoft raised recommended retailer pricing for its Xbox consoles and controllers around the world this week. Its Xbox Series S, for example, now starts at $379.99 in the U.S. — up $80 from the $299.99 price tag that debuted in 2020. And its more powerful Xbox Series X will be $599.99 going forward, a $100 jump from its previous $499.99 listing.