The price of a Netflix subscription is soaring faster than the rate of inflation, with the entertainment streamer raising prices across the board, with some fees rising more than 15 percent. Even the ad-supported tier is getting more expensive, with Netflix charging its subscribers more for the joy of sitting through commercials.
Netflix announced Tuesday that it is raising prices on all of its subscription levels effective the next billing cycle.
The ad-supported tier with commercials is increasing from $6.99 to $7.99 per month, or 14 percent, while the standard ad-free tier will go from $15.49 to $17.99 per month, or 16 percent .
The highest-priced premium tier is also increasing from $22.99 to $24.99 per month.
This marks the first time Netflix is raising
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