As someone who is in fact subscribed to the highest tier because I'm a huge sucker for the classic games that get added monthly (nostalgia brainrot has me in a vice grip), yeah I'm not happy. Like $120 was a price I felt was already too much but I felt that'd be the "worst" it'd get, but boi was I wrong. I hate to say it but I'm worried this might be a sign of Sony possibly becoming arrogant due to the fact they're still the ones seeing the highest hardware sales between them and Microsoft (I'm not counting Nintendo in this as I'm fairly certain Sony have said they don't even view Nintendo as direct competition, but Microsoft 100% is given how they reacted to MS buying Activision-Blizzard).
Microsoft got a lot of push back when they proposed hiking the price of Xbox Live Gold a year or two back, I'd like to hope Sony will see similar backlash.