Hetzner's latest price increase doubled-to-tripled the costs of any new resources I would deploy there. I've now halted the migration and I am seriously considering going all the way back to colo.

This most recent price increase was not communicated months in advance. I'm kind of wondering if you're thinking of the other price increase that happened this year, and not the most recent one: https://news.ycombinator.com/item?id=48540844

I have two CCX13, which were small (2CPU, 8GB RAM) dedicated compute VMs in Ashburn. Those are 16.99 EUR / month on my account, but for me to add another would now cost 43.99 EUR.

But, hetzner was a really solid deal especially for larger specs, literally nothing could compete with it as I used to make literal lists of providers in my head that can compete against Hetzner/ovhcloud and there were none. They were so good, too good in fact and I had actually felt like they were so giant that they would be able to survive the ramflation and it would be the small shops who would be hurt the most but turns out that although yes small shops are hurt, even the largest of giants like Hetzner couldn't resist the Ramflation and were (forced?) for price increase whereas incredibly I have found small shops to still somehow be more resistant/competitive than the larger beasts.

Pardon me if I am wrong, which I usually am, but aren't there price differences between pre-existing customers and new customers as well, atleast if I am remembering it correctly.

@AussieWog93's comments also make sense in terms of somethings going up by 3x. There seems to be a general consensus online from my limited understanding that some if not many products have increased their prices quite substantially.

You said you are on older infra? So why did they increase your costs 1.25x?

That old hardware has long depreciated and paid itself back many times over and you run a higher risk of an outage due to components wearing out over time.

You should be asking for a discount!