Mostly, I'm kicking myself for not posting this topic a month ago when I thought about how overdue we were for a price hike (I even did some research and then just didn't get around to it). Prices have been stuck at $60 for at least 15 years now and the price of development has only gone up. Not to mention how quickly games have been dropping in price in those same years (Nintendo aside).
Funny thing, games were sometimes pretty expensive back on the SNES. I remember Street Fighter II being over $70 back when it first came out.
Cart games in the 90s had custom chips not standard Blu Ray and did not have digital distribution either which doesn't cost to manufacture anything so it's not the same at all.