This argument gets thrown around a lot but it fails to account for the fact that wages have been stagnant. So while it might cost similar with inflation, people are making less money by the same metric which still results in it being more expensive. Comparing it to prices of the 70's and 80's had the same problem as well as ignoring the difference in market scale video games have now.
It's perfectly valid for people to be upset that they're being squeezed for something that they were excited for, especially since everyone's hurting right now.
It's not the same amount of money to an individual when it's a bigger percentage of their money. Wages haven't come close to matching inflation, so inflation has just lead to most people having to spend more on essentials and therefore having less.