In a statement, organiser Martin Oliver said the festival was in a "desperately sad situation".
"The country is still gripped in the cost-of-living crisis and we do not believe that we can risk imposing a significant increase in ticket and camping prices without drastically reducing attendance at the event," he said.
The question, of course, is whether that's actually a correct assessment. As noted above, it doesn't seem to be true for Glastonbury. If people want to come to something badly enough, they'll pay.
Andy