Are you European? The price of the M2 Air did not increase. The USD price was exactly the same as for the M1 Air. Both debuted at $1199. The price went up in Europe because of a drastic reduction in the EUR/USD exchange rate.
The M1 Air launched at a price of $999. The increase to $1199 happened with the launch of the M2 Air.
> With its sleek wedge-shaped design, stunning Retina display, Magic Keyboard, and astonishing level of performance thanks to M1, the new MacBook Air once again redefines what a thin and light notebook can do. And it is still just $999, and $899 for education.
Actually the dollar is falling as well (in real purchasing power) due to inflation. It's doing quite a bit better at the moment compared to e.g. Euro. One factor could be the increased interest rates. Why would I keep Euros and get still nothing when I could get at least a little bit on the USD. Also the war in Europe does not help their currency.