As of August 1, Microsoft has raised the retail prices of every current Xbox Series S and Series X model. The entry-level 512GB Xbox Series S will now set you back a staggering $499.99. For perspective, that is the exact price the premium Xbox Series X commanded when this console generation kicked off in 2020. The Series S is now 50% more expensive than its original $299.99 budget-friendly debut. In the UK, gamers are being hit with increases of £130 and £170, respectively.