Spotify’s 2nd price hike in a year raises prices in July by up to $3

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After keeping Spotify Premium subscription pricing flat since debuting it in 2011, Spotify increased monthly pricing in July 2023 and will do so again in July 2024, it announced today.

Individual monthly subscriptions will increase from $10.99 per month to $11.99/month. Family plans, which support up to six members, will go from $16.99/month to $19.99/month. Duo plans, for two accounts, are rising from $14.99/month to $16.99/month. Spotify didn’t announce pricing changes for its Student ($5.99/month) or free plans.

Spotify said it's increasing prices so that it can “continue to invest in and innovate on our product features and bring users the best experience."