Netflix increases prices for standard and premium subscriptions in the U.S.

It has been about two years since Los Gatos-based streaming company Netflix last increased the prices of its monthly subscriptions in the U.S. In January 2019, the cost of the basic plan rose from $7.99 to $8.99, the HD standard plan hiked up to $12.99 from $10.99, and the 4K premium plan went up to $15.99 from $13.99.

Seeing as how the last-to-last price hike also took place roughly two years before 2019, it doesn't come as a surprise to know that Netflix has increased its U.S. prices yet again. Today the streaming service changed the costs of its standard and premium tiers. The base plan which costs $8.99 per month remains unchanged.

As of today, new members will have to pay $13.99 in place of $12.99 per month for the standard HD subscription. Meanwhile, the premium membership which allows users to stream in 4K now costs two dollars more, rising from $15.99 to $17.99 monthly.

The U.S. market isn't the only one to face a hike in prices recently. At the beginning of this month, Netflix raised the prices of some of its subscription plans in Canada as well. Canadians had to start paying CA$14.99 instead of CA$13.99 for the standard plan and CA$18.99 instead of CA$16.99 for the premium one.

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