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It's ambiguous right now, and it's a bad idea. I know Wii U had $60 games, but that was a home console. Switch is a hybrid and should have more followed handheld game pricing over time. Most Switch games should've been $50, not $60. If Nintendo is charging $70 for a game when they're still on the highly outdated Switch, that's so ridiculous. They held off $60 games for about 7 years after Microsoft started. It would be so crappy to have $70 games less than 3 years after Sony and others started it.
Inflation is not a proper excuse. I know $70 for a Switch game is still a better deal than just about every N64 game and a lot of games in the past, but that's not a reason to shoot the price up to $70.
Tears of the Kingdom will not be a Day One purchase, or probably even Month One purchase for me if it's $70.



Lifetime Sales Predictions 

Switch: 151 million (was 73, then 96, then 113 million, then 125 million, then 144 million)

PS5: 115 million (was 105 million) Xbox Series S/X: 57 million (was 60 million, then 67 million)

PS4: 120 mil (was 100 then 130 million, then 122 million) Xbox One: 51 mil (was 50 then 55 mil)

3DS: 75.5 mil (was 73, then 77 million)

"Let go your earthly tether, enter the void, empty and become wind." - Guru Laghima