Microsoft hasn't said for how long this "limited time" offer will last, but presumably it will only last for a year or two to help ease the transition between the old pricing and the new pricing. New subscribers won't be offered the option to pay for the Classic plans.

Microsoft (NASDAQ:MSFT) is increasing the price of its 365 Family and Personal plans for the first time in the U.S. in more than 12 years, the software and cloud giant revealed today. The price increase is $3 per month,

According to emails, Australian 365 Family users will also see an increase from AU$139 to AU$179, while 365 Personal subscribers will have a rise from AU$109 to AU$159. That's a 45% price hike, and it's all for AI features and enhancements in apps that's contributing to it.