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Lafiel said:
Nintendology said:

 I can't even imagine what the next generation will be like. $70 games may be on the horizon (at which point, I quit gaming, or stick with Nintendo at least, assuming they don't jump on the bandwagon for raising game prices).

all price increase - that's called inflation(and guess what, it's _good_)

game prices have been stable for many many years because the industry was growing enormously, but now it's growth has slowed so game prices will increase, even for your beloved Nintendo systems

Side note:

Inflation at low levels is tolerable and at high levels is terrible, and it is certainly not “good” at any level.

With that said, consumer electronics have defied inflation for decades, and (in most cases) products have been getting far better and getting cheaper over time. Videogames have (mostly) followed this pattern, as old Colecovision and Atari games (and NES games) were as (and often more) expensive as games we currently play. The reason HD console games are more expensive this generation than games were in the previous generation is that Sony and Microsoft had to increase licensing fees to cover their hardware losses (which were unprecedented in size), and developers needed to increase their revenue because development budgets grew far faster than the market did.