January 19, 2018 / 2:28 PM / a month ago

Amazon hikes price for its Prime service by 18 percent

Jan 19 (Reuters) - Amazon.com Inc on Friday raised the monthly fee for Amazon Prime, its fast-shipping and video-streaming service, to $12.99 from $10.99.

Existing monthly Prime and Prime Student members will pay the new price for renewals after Feb. 18, Amazon said on its website. amzn.to/2mRHs6C

Amazon’s shares were up 1.8 percent at $1317.00 in premarket trading on Friday. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Sriraj Kalluvila)

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