Backblaze increases its price but you can lock the old one in for a year

What you need to know

• Backblaze is increasing its prices to $7 per month and $70 per year.
• Customers can lock their old price in for another year.

Supply chain costs are said to be the reason for the price increase.

Backup favorite Backblaze has announced that it is increasing the price of its Mac backup service by $1 per month and $10 per year, citing an increase in the amount of storage it needs and a more costly supply chain as the main reasons.

Backblaze will charge customers $7 per month, $70 per year, and $130 for two years once the price increase kicks in on August 16. However, those who want to lock the price in for another year can do so by signing up for a 12-month extension on their current plan.

The news was delivered to customers via email yesterday, as reported by 9to5Mac. Oddly, I'm a Backblaze customer and have not received the email as yet — but more details about the price changes are available on the Backblaze blog.

Explaining why it needs to increase prices, Backblaze says that the amount of data users are backing up is growing at a rate that means the cost of additional storage is too much for it to sustain.

Over the last 14 years, we have worked diligently to keep our costs low and pass our savings on to customers. We've invested in deduplication, compression, and other technologies to continually optimize our storage platform and drive our costs down—savings which we pass on to our customers in the form of storing more data for the same price.

However, the average backup size stored by Computer Backup customers has spiked 15% over just the last two years. Additionally, not only have component prices not fallen at traditional rates, but recently electronic components that we rely on to provide our services have actually increased in price.

All of this aside, Backblaze has been a solid option for those looking to make use of online backup for years. This price increase isn't going to change any of that.