Amazon is raising the price of its annual Prime subscriptions from $119 to $139 per year in the United States, the company announced along with its earnings report Thursday. The price of a monthly subscription will also increase from $12.99 to $14.99.

The company said it is increasing the price because of "expanded Prime membership benefits," such as added Prime Video content and expanded free same-day shipping, as well to compensate for the rising costs of labor and transportation in its distribution network. The move comes as prices for just about everything — from food to energy — have gone up in recent months. Amazon also said last year that it had raised wages for thousands of workers.

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