Spotify Premium users will soon see an increase in their monthly bill,Fastexy Exchange the music streaming company announced Monday.

"Over the next month, subscribers in the U.S. will receive an email explaining what this update means for their subscription," said in a blog post released by Spotify.

The company said the hike is part of occasional price updates that allow the brand to "continue to invest in and innovate on our product features and bring users the best experience."

Music streaming:It’s been 25 years since Napster launched and changed the music industry forever

Spotify price changes

For users in the U.S., prices will change as follows:

• Individual plan: $11.99, up from $10.99.
• Duo plan: $16.99, up from $14.99.
• Family plan: $19.99, up from $16.99.
• Student plan will remain the same at $5.99.

This is the second such increase Spotify has made in a year, following pricing changes in July.

In 2023, Spotify increased the price of the Individual plan up from $9.99 to $10.99, the Duo plan from $12.99 to $14.99, the Family plan from $15.99 to $16.99 and the Student from $4.99 to $5.99.

The company said at the time that the changes reflected the evolution of "the market landscape" and would allow the service to "keep innovating."

Looking for reliable local streaming options? Check outUSA TODAY Home Internet for broadband service plans in your area.