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The recent price hike actually is well above the cumulative inflation percentage since the last price hike. So as stated above, inflation really has nothing to do with it.
What's happening is a bunch of venture capital investment firms are playing a game of hot potato with Jagex. Artificially pump the numbers/valuation up after they purchase the company, at the expense of the consumer (you), to then just turn around and sell it at an insanely higher price 2-3 years later. Mind you that this is not me being speculative at all. They literally have had 3-4 different owners who were venture capitalist firms in the last decade who when they bought Jagex made them add more and more MTX AND made them do significant membership price hikes to then just turn around and sell it the next venture capitalist firm for an egregiously higher price with the promise that they could do the exact same thing that they did.
Hell, out of everything that I have said, even the naysayers who continue to be bootlickers to Jagex can't refute that fact.
I mean as you probably know that is essentially impossible within the next 20 years, at the very least. Even if they like royally ♥♥♥♥♥♥ up (not saying that they already haven't) to the point where we would see people quitting in the same manner as the EOC release, they would still be in a substantially far better financial position to the point where they could lose 30-40% of their profit margins and still come out even or with 10% net profit annually.
Literally from an objective standpoint, venture capital investment firms/private equity firms will always own Jagex. They will continue the proverbial game of hot potato they've been playing with the company, which ultimately will always require the next company to demand more from the player base than the prior company until it gets to the point where they are losing more by the players leaving the game (due to ♥♥♥♥♥♥♥♥ like what just happened) than they gain by milking the absolute ♥♥♥♥ out of those who stay. It's just basic economics/business.
Also none of these investment firms are looking for long term investments (which has been proven by the last decade in which we have had 3-4 different investment firms, apart from the current) who have owned Jagex. The strategy is to buy the company, do as previous investment firms have done and push the absolute limits of the player base, artificially inflate the earnings/overall company valuation, then sell it 2-3 years later to the next investment firm with the promise that they can do what they did and make ♥♥♥♥ load of money at the expense of the player base. I mean it's not ♥♥♥♥♥♥♥ rocket science like some of the bozo's in these forums are trying to make it out to be.
But lastly, on your point with wanting Andrew Gower to purchase Jagex back, that will never happen unless he has the financial backing of an investment firm, which ultimately puts us right back in the same position we are in (even though I think Andrew Gower would have the best of intentions). He sold Jagex for pennies on the dollar compared to the $1.1 Billion dollar purchase of it recently by CVC & Haveli, so he has nowhere near the amount needed in personal net worth, even if they went bankrupt, to purchase Jagex. I'm talking that he probably sold it for at most $50 million (and that might even be overly generous) in comparison to it's now, albeit over-valued, valuation of $1.1 billion.