Driven by a growing trend of businesses and developers migrating to European tech alternatives, Hetzner has experienced a massive influx of new users.
This unprecedented demand has challenged their capacity; over the past several months, the company has struggled to keep pace, resulting in servers frequently being completely sold out. In addition worldwide Hardware / RAM etc. prices have increase in the past year which also reflects in that price hike.
Consequently, Hetzner has announced a substantial 36% price increase for their Cloud VPS offerings.
Edit: It's 36% ! Can't edit the title typo of 38%