That's cheap. And I thought Route53 for $12.99 was cheap already.
By jacking up the wholesale rate by 7% (the largest annual increase they're allowed, per their ICANN agreement[1]), every single .com registration and renewal becomes 7% more expensive. Requiring services like Route53 to either pass it through to consumers or eat the cost increase themselves, if they even have the margins to.
[1] https://onlinedomain.com/2020/01/03/domain-name-news/icann-a...