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JackHandy said:

Has this ever happened before? A console getting more experience in so many large territories? I can't remember it happening.

Canada is pretty large. PS4 started at 399 and was 499 at the end of the gen... Exchange rates.

The US dollar doing very well now is likely the reason the US doesn't see a price increase. USD is worth 25% more now against the Yen. A year ago 1USD was 109 Yen, Today it's 137 Yen, 1.25x as much. So if anything, Sony should lower the price of the PS5 in the US... It seems all currencies are falling against the USD, or rather the USD is outpacing them all.

Apart from currencies fluctuating in value, has it ever happened before that world wide inflation rates were this high?

MS must be feeling it as well, high USD value means less income from foreign sales. Yet MS only cares about gamepass numbers nowadays, still in the customer acquisition phase. And of course paying foreign devs for putting games on gamepass becomes less expensive with higher USD value. MS' huge war chest is only getting worth more compared to other currencies.