SIE has announced that the price of the PS5 will increase in Europe, Australia, New Zealand, the Middle East, and Africa. This price increase will be effective starting April 14 local time.

Price Hike for Digital Editions in the UK and Europe Only
Discount Announced for PS5 Disc Drive
No Change in PS5 Pro Pricing
SIE Official:
In light of the challenging economic conditions characterized by high inflation and fluctuating exchange rates, SIE has taken the tough decision to raise the recommended retail price (RRP) of the PS5 in select markets across Europe, the Middle East, Africa (EMEA), Australia, and New Zealand.
The new recommended retail price for the PS5 will be effective starting April 14, as detailed below:

The recommended retail price for the PS5 Pro stays the same.
In addition, starting April 14, the suggested retail price for the PS5 disc drive will be reduced as follows:

The recommended retail prices in certain EMEA markets not mentioned above might also see an increase. For more information, please consult your local retailer or visit direct.playstation.com (where applicable).