NEWS: PS4 - Will Cost Over £1,100 in Brazil

Brazilians will have to pay 2,999 Reais to get their hands on the upcoming PS4 console.

The official Brazilian Sony blog has announced that the PlayStation 4 will cost practically 3,000 Reais, which translates to around £1,100 or $1,800, offering no real explanation as to why it will release at such a steep cost:

"Sony Computer Entertainment America announced the price of the PlayStation ® 4 (PS4 ™) (series CUH-1000A): The console will be released in Brazil for R $ 3,999, and the MSRP of games for the console is $ 179. The PS4 ™ will be available from the day November 29, 2013 in major retail stores in Brazil."

Considering the government taxes are extremely high in Brazil, it's no real shock why imported products would retail so high, especially anything within the technology area.

Are you from Brazil - is this unfair? Comment below.