The Department of Commerce in the US (which basically has a choke hold on much of the DNS) has cut a deal with VeriSign: "Verisign and ICANN may agree to amend the .COM Registry Agreement to permit an increase to the price for .COM registry services, up to a maximum of 7 percent in each of the final four years of each six-year period (the first six-year period commenced on October 26, 2018)." This initially covers the next 12 years, and so envisages 8 (EIGHT) annual price rises of 7% in the 12-year period. The DOC has agreed to give this right to VeriSign, which involves getting clearance from ICANN to finalise it. Much of the pretext is the need to develop deeper internet security, and the costs of doing so. As a sweetener, VeriSign agrees to pay ICANN $20million dollars over a five year period towards work on security. ICANN is almost certain to rubber stamp these price rises (which of course will then get fed through to higher Registrar prices), but they are "holding a consultation". It is highly unlikely the 'consultation' is anything more than window dressing, because there is no way ICANN wants to take on the DoC (under a Trump administration) when it is DoC ultimately that grants ICANN its right to operate and protects United States interests through ICANN. Nevertheless, as there are 5 more days to go on this consultation, you can read the info yourself and take part here.