The people on here complaining about a $1/year price increase while earning $400,000/year as a software engineer never fail to make me laugh.
And I'm not entirely even sure if it could be run too much cheaper. And by whom and what process.
The cost of a domain for a year is still less than a lunch at Five Guys.
Even when I was working at Subway for $10/hr, I wouldn't sweat a $1/year raise on my domain price.