Microsoft's latest round of price hikes for its Xbox Series X and Xbox Series S consoles has hit Europe and they are steeper than some may have been anticipating. The part that is not a surprise is that Xbox console prices are going up. Here is how it breaks down:European Union512GB Xbox Series S: €499.99 (up from €349.99), +42.86%€499.99 (up from €349.99), +42.86% 1TB Xbox Series S: €599.99 (up from €399.99), +50%€599.99 (up from €399.99), +50% 1TB Xbox Series X Digital: €749.99 (up from €549.99), +36.36%€749.99 (up from €549.99), +36.36% 1TB Xbox Series X Disc: €799.99 (up from €599.99), +33.33%UK512GB Xbox Series S: £429.99 (up from £299.99), +43.33%£429.99 (up from £299.99), +43.33% 1TB Xbox Series S: £519.99 (up from £349.99) +48.57%£519.99 (up from £349.99) +48.57% 1TB Xbox Series X Digital: £619.99 (up from £449.99), +37.78%£619.99 (up from £449.99), +37.78% 1TB Xbox Series X Disc: £669.99 (up from £499.99), +34% Compare those with Microsoft's adjusted pricing in the U.S. market: United States512GB Xbox Series S: $499.99 (up from $399.99), +25%$499.99 (up from $399.99), +25% 1TB Xbox Series S: $599.99 (up from $449.99) +33.33%$599.99 (up from $449.99) +33.33% 1TB Xbox Series X Digital: $749.99 (up from $599.99), +25%$749.99 (up from $599.99), +25% 1TB Xbox Series X Disc: $799.99 (up from $649.99), +23.08% Of course, the comparisons get muddier if you start evaluating currency conversions. No matter how you slice it, however, the end result is that the cheapest Xbox console—the Xbox Series S with 512GB of storage—starts at $499.99 in the U.S., versus the equivalent of around $575 across all of Europe. And no matter where gamers reside, the Xbox Series S now costs as much as the Xbox Series X did when it launched.