The Apple Music monthly price has been upped by ~$1 for individuals and ~$2 for families. Apple TV+ is rising by $2 (which only has one tier and supports Family Sharing on all plans). Apple One is also going up by approximately $3 per month
From an Apple spokesperson:
The subscription prices for Apple Music, Apple TV+, and Apple One will increase beginning today. The change to Apple Music is due to an increase in licensing costs, and in turn, artists and songwriters will earn more for the streaming of their music. We also continue to add innovative features that make Apple Music the world’s best listening experience. We introduced Apple TV+ at a very low price because we started with just a few shows and movies. Three years later, Apple TV+ is home to an extensive selection of award-winning and broadly acclaimed series, feature films, documentaries, and kids and family entertainment from the world’s most creative storytellers.
This translates to increases of $1 to $2 per service, with Apple One tiers going up about $3 at the same time.
You know it’s inflation when the prices go up and you don’t get anything extra in return. Not even more iCloud storage.