Amazon founder and CEO Jeff Bezos. (credit: Steve Jurvetson)
Amazon on Friday announced that it has raised the price of its Prime membership program for those who subscribe on a month-to-month basis.
The plan previously cost $10.99 a month, but it will now cost $12.99 a month.

That means the price of subscribing to the monthly Prime plan for a full year has jumped 18 percent, from $131.88 to $155.88.

Those who currently subscribe to the monthly plan will see the price hike take effect on their first payment after February 18.
The e-commerce giant said it has also raised the rate of its cheaper Prime plan for students from $5.49 a month to $6.49 a month.

The Prime Student plan launched this past October.
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