Amazon to raise Prime prices across Europe as retailer wrestles with costs

The retailer's No. 3 market, the United Kingdom, will have a 20% increase to £95 (€112) per year.

Shoppers in Germany, Amazon's second-biggest market after the United States, will see fees for an annual Prime membership rise 30% to €89.90. 

Amazon.com will raise fees for its delivery and streaming service Prime in Europe by up to 43% a year, the online retailer said on Monday, as it moves to counter higher costs days before it reports quarterly financial results.

The price hike, following one that Amazon announced for Prime in the United States in February, reflects mounting pressure from Wall Street on new Chief Executive Andy Jassy to shore up profit as inflation rises and a downturn looms.