Not sure about that RRP, however this is the newer hall effect version and the controllers have been increasing in price over the years due to inflation… so it's the cheapest you can get it right now for sure.
Great controller all round, compact for traveling and has all the analogue triggers you'd expect.
Hall Effect is a nice upgrade.
I keep one in my Tesla console to play Beach Buggy Racing, Cat Quest et. al.
Nice, I own and use the previous version without the hall effect sticks and it's pretty good. Only thing I'd note with this is that the rear triggers aren't analog, so not suitable for racing games or anything like that.