Amazon.com is not insulated from inflation, the supply chain crisis or the labor shortage in America and today announced that it will raise its Prime subscription fees.
The company said that annual subscriptions will increase 17% from $119 per year to $139 and monthly subscriptions will go from $12.99 to $14.99.
According to Amazon, the increases are due to the rising cost of labor and transportation and additional Prime video content.
Current members will see the increase after March 25th while new members can expect to pay the higher rate starting February 18.
The last increase to Prime fees was in 2018 when the rate went from $99 per year to the current $119.
Transportation costs have largely risen due to a huge increase in the price of gasoline and diesel as the Biden administration seeks to lower production of both. Also, labor shortages have driven up labor costs and made it more difficult to stock items customers are looking for.
Content created by Conservative Daily News and some content syndicated through CDN is available for re-publication without charge under the Creative Commons license. Visit our syndication page for details and requirements.
President Donald Trump and Iranian Foreign Minister Seyed Abbas Araghchi announced Friday that the Strait…
There are at least 76,000 supermarkets in the United States. Most of us probably have…
The federal government spent $7 trillion last year. That works out to roughly $222,000 per second —…
President Donald Trump announced that the leaders of Israel and Lebanon agreed to a ten-day…
The British Prime Minister’s office reportedly claims that officials within the Foreign, Commonwealth & Development…