Is NameSilo Exploiting Inflation with Unjustified Price Hikes?

The main registry is increasing the prices for .COM domain registrations, renewals, and transfers from $9.77 to $10.44. I get it—prices are rising due to inflation.

But NameSilo is jacking up their prices to $17.30, a full $3.30 increase!

How do they justify such a steep hike in response to just a $0.70 increase?

The same goes for their other domain prices. It feels like many corporations are using inflation as an excuse to disproportionately raise prices, padding their margins and profits.