Microsoft Raising Prices on New, First-Party Games Built for Xbox Series X|S to $70 in 2023 - IGN

The price increase is unsurprising, given that earlier this year Xbox head Phil Spencer said that the company wouldn't be able to hold its prices forever, but that Xbox would not raise prices ahead of the 2023 holiday season.

Xbox is also not the first company to have done this — Sony, Ubisoft, and Take-Two Interactive have announced $70 price points for certain new games, and Sony specifically has reported discussed raising that price even higher.

As for whether this will mean Xbox Series X and Xbox Series S will also get more expensive, it's hard to say.