I know there has been quite a bit of inflation, but didn't Nintendo even delay the release because of the tariffs? Its hard to see how a 24% tariff on goods from Japan would not affect Nintendo's choice in setting prices.
Nope, they did not. They're sticking with the original release date
>24% tariff on goods from Japan
There are currently 10% tariffs in place for baseline goods, such as the Switch 2. The 24% rate was announced, but "paused" for 90 days. The USA and Japan will likely come up with some sort of trade deal before that pause ends.
Also keep in mind that the prices have risen in the EU as well. Games are also rising to 80 euros despite VAT being constant at 25% for decades. This is because the Euro has seen heavy inflation since Covid as well.