Toyota Motor Corp. said Friday it is raising the U.S. suggested retail price of its Prius hybrid by $500 for the 2009 model.

The new price is a 2.2 percent increase over the current models. Prices will range from $22,000 for the standard Prius to $24,270 for a touring model, the company's U.S. sales unit said.

Bill Kwong, spokesman for Toyota Motor Sales USA Inc., said the growing ...