This isn’t only namecheap. Porkbun notified me about it a couple of weeks ago:
Verisign — the registry behind .com and .net — is set to increase wholesale pricing on .com domains industry wide on September 1. This has become an annual trend, and we expect the .com price will steadily increase through 2029. This increase affects every registrar that offers .com domains, not just us.
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This isn’t only namecheap. Porkbun notified me about it a couple of weeks ago:
Not for nothing, but pork bun has been great for me.