As someone that lives in Europe, we have had games be around the €80 mark for a while with new releases, over the last few years.
Grand theft auto is what's pushing this in the US, and efforts were made in the past to do this and nintendo decided to be the first to push it in the states. 90-100 for a "premium edition" also showed up with all this and, this pricing specifically showed up with the ps5/series s-x big releases in Europe around 2020.
For me at least, Grand theft auto is pretty much the same price any other tentpole game is releasing as.
That said, everything is more expensive now. The price of alcohol in Ireland for example is hilarious, and it was pushed by the fact that the overlords of bars and pubs didn't like the fact people weren't going out to bars anymore so they pushed the government to massively raise drink prices and ban in store voucher use on alcohol. I don't like bars, but I do like Guinness. Guinness is now 35% more expensive per 500ml than it was 10 years ago.
Trust me when say the expense of Guinness weighs heavy on my heart as it will never be on sale for peanuts whereas GTA 6 will, eventually, be a fraction of it's cost.
Gone are the days of buying a 24 pack for €24
Why do digital games cost the same or even MORE than physical when its just a file being put into a server rack in some janitorial room? Shouldn't these games be costing less? Who the hell would spend 80 dollars on a game if you can't hold it in your hand?
A friend of mine swore that going all digital will make prices plummet. This was in 2014. I laughed in face then, and I laugh now still. Corporate greed is not somehting he's entirely aware of. Anyhting that can be done to increase profit margins shall and will be done.
Savings are never passed on to the consumer, ever, that's a rookie stuff.