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Amazon raises monthly Prime subscription price from $10.99 to $12.99

Amazon raises monthly Prime subscription price from $10.99 to $12.99

If you pay for Amazon Prime month-to-month rather than on a yearly basis, your budget is about to take a hit. On Friday, the online retailer announced that the monthly subscription fee for the Prime service will increase from $10.99 to $12.99 — a jump of 18% — effective immediately. The price of the student monthly plan is also being bumped up from $5.49 to $6.49, but the annual Prime membership will stay the same at $99 a year.

Amazon introduced the monthly subscription back in April 2016 for those who want to take advantage of the two-day free shipping, but don’t want to commit to a year of the service. Unlike the yearly subscription, the monthly plan does not include access to Prime Video — that requires a separate $8.99 monthly fee (which is not increasing).