The Redmi Note 8 sees a price hike for the fifth time in India this year

A few days ago, we reported that the Redmi 8 had once again seen a price hike in India—the fourth of such. Well, the Redmi 8 isn't the only phone getting that treatment, as it appears the Redmi Note 8 has also seen a similar steady increase in MSRP in India.

Going by a report by 91Mobiles, the Redmi Note 8 has now seen yet another hike in its MSRP in India. This is reportedly the fifth time Xiaomi has increased the price tag of the phone in India. This time out, the phone's price tag has been raised by Rs 500 (US$7), taking its current base price tag to Rs 12,499. The phone launched with an MSRP of Rs 9,999 last year.

This particular hike isn't particularly significant, truth be told, but some context is needed. For one, the Redmi Note 8 exists in an extremely competitive segment of the market where every dollar counts. This also happens to be the fifth increase, with all increases summing up to a total of Rs 2,500 (US$35). That is significant; a whopping 25% increase over launch MSRP. 

It appears Xiaomi is milking the Redmi Note 8's popularity in the market, and has adopted the strategy of slowly increasing prices in bits. Perhaps there are economic reasons for that, but it's no less hard on new buyers of the phone.