And the US price is also only $100 more than the nominal price of the base model of the original MacBook in early 2008, and $300 less adjusted for inflation.
I think those had 4GB and complaints about not enough memory. 14 years later, we have 8 GB and complaints about not enough memory.
The previous M1 base model was (still is) 899€ I believe?
I think you can get it a lot cheaper at a lot of retailers now