Only students paying a discounted monthly fee are exempt from Spotify's latest price hikes.

Spotify officially confirmed on Monday that it is raising monthly subscription prices for nearly all paying customers in the US next month.

“So that we can continue to invest and innovate in our product features and bring users the best experience, we update our pricing from time to time,” the company explained.

Individual plans will increase by about 10% in July, from $10.99 to $11.99, while Duo and Family plans will increase by $2 and $3 to $16.99 and $19.99, respectively.

The premium student plan, in which college students can sign up for up to four years, will stay at $5.99 a month.

^{A Spotify Premium logo and a smartphone with the Spotify home page. (Photo illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images)}

The price hikes are Spotify's second in a year, following a jump from $9.99 to $10.99 for individual plans last July.

The music streaming giant kept individual subscriptions at $9.99 for more than one decadefrom its US launch in 2011 to 2023.

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Payment of a subscription fee is not required to use Spotify; the music streaming service also has a free tier with ads. Spotify lately REMOVE unlimited access to lyrics for free users, further drawing the line between free and premium subscriptions.

Spotify competitor Apple Music has similar pricing for students ($5.99), but hasn't raised individual or family plan prices from $10.99 and $16.99, respectively — which each plan currently does cheaper than its Spotify equivalent.

The latest Spotify February earnings show that 236 million of its 602 million users pay to use streaming music.

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