For the second time in a year, Citi Bike will increase its prices.

Citi Bike's parent company, Lyft, stated on Thursday that the cost to rent a bike will increase

On January 29, the annual fee for Citi Bike members will increase from $185 to $205.

Non-members will now pay $4.49 for a 30-minute single-use journey starting on January 5, an increase of 50 cents.

mong other things, supply chain disruptions and rising shipping expenses, according to Jordan Levine,

Next month, the rate to hire an electric Citi Bike the excessive demand for the bikes.

In 2018, Lyft bought the bike-sharing programme. Early this year,  giant drew ire from local lawmakers.

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