A direct inflation conversion like that is not invalid, but it lacks a lot of context. Games might have been more expensive back then, but everything else was orders of magnitude cheaper. People were buying homes and starting families as young adults back then. Now many in that bracket live check-to-check and struggle to put food on the table. It stings a lot more.

also to clarify: I was using Canadian dollars. Major releases are around one hundred bucks here when adding tax, give or take a little.