Not really in compares to regular inflation the Mac mini that it was just released is an awesome little machine more than you'll need for general every day computing by a lot
Looking at inflation-adjusted prices is good fun - but pretty irrelevant in the case of price-comparing computers.
Personal computers and other consumer electronics haven't been affected by inflation
for the last 40 years, and that goes for the whole industry, not just Apple. A basic personal computer has cost roughly the same number of dollars/pounds since the 1980s - although what you get for your money in terms of performance and capacity has increased by several orders of magnitude and the value of that currency w.r.t. the "cost of living" has plummeted. Maybe ~£500-£1500 for a lower-end PC-type system (will get you a Dell today) or ~£100 for a Sinclair Spectrum (will get you - ha! -
The Spectrum today!) - more recently, the base price of the iMac has been the same $1299
since 1998 and the Mac Mini hovering around the same since 2006.
NB: I'd put those sorts of price comparisons into the "just for fun" category too - the point is that the
well-established expectation for the PC industry is for prices to stay about the same (numerically) while performance/capacity specs rise exponentially, without much regard to the average rate of inflation.
That's been
largely true of Apple in terms of prices - there's always been a premium for Apple stuff and I'd dispute the claim about them being "more and more expensive".
There
was a (probably justified) price-vs-specs blip around 2012-2016 with the switch from mechanical hard drives to SSD - which brought significant performance advantages, with the disadvantage that a 128-256GB SSD genuinely cost more than the 500GB-1TB hard drives they were using previously, and a like-for-like 500GB-1TB would have been prohibitively expensive.
What we have seen in recent years, though, is Apple failing to pass on some industry-wide cost reductions to customers
at the same time as removing the possibility of mid-life/third-party expansions - particularly RAM and SSD, which seem to have stuck at early-2010s prices in Apple's universe. The recent bump to 16GB RAM was really too little, too late - yes, it will be fine for many people but for anybody speccing out a non-Mac for anything beyond "personal productivity" then specifying at least 32GB RAM "just in case" would be a $50 no-brainer... and we
still have a problem with SSD capacities - we're way past the point where a mere 512GB SSD (only bringing us back to where we were 10 years ago with mechanical drives) should be a $200 extra.
This has been exaggerated in the case of the Mac Mini with Apple's traditional "good/better/best" pricing structure for, say, the M4 Mini, now relating
only to SSD and RAM sizes. From Apple's POV it has nothing to do with the bill-of-materials and everything to do with their strategic pricing structure - but that can't hide the fact that from the
consumers POV they're being asked to pay $200 for $50 (retail) worth of flash memory and
another $200 for a similar value in RAM - prices that are easy to compare with the rest of the industry.
The base M4 Mini would blow most of the PC competition out of the water on price/performance if it weren't for the elephant in the room that much of that competition comes with 32GB RAM/1TB SSD as standard (or as a $100-$200 upgrade) and matching that would add a massive $800 to the cost of the Mini.