$200 price bump across the board. The cheapest 16" is now $2699 and 14" Pro $2199. I think it's a fair price considering M2Pro 14" was $1999 (though it was discounted) only had 512GB and 16GB RAM.
Now it starts at $1699, a $100 bump but comes with a 1TB SSD. Previously it would have cost $1799 for the 1T SSD, so it's a $100 bump on base price but you are also getting 1TB SDD for $100 less than before.
For example, up until MacBookPro M2, MacBookPro M2 came with M2 Pro chip.
However, starting with M3, Apple lowered the MacBookPro MSRP to $1599, but its base configuration was downgraded to M3 chip from M3 Pro. To get the M3 Pro, you had to pay $1999. There's substantial performance between the two.
Same with M4. To get the M4 Pro chip, you had to pay $1999.
Now to get M5 Pro chip, it's $2199. Still a good value, but just saying it's a deviation from the trend.