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Yeah, that's fair for a bit of kit not that often used. Prices of outdoorsy kit have rocketed recently too, unfortunately.
Oddly, I take the opposite approach to cycling trousers - get the cheapest possible and treat as semi-disposable - when they get too worn at the seams and lose their proofness after a couple of years, lob them. Currently rocking some Aldi specials to work and back. A bit boil-in-the-bag. But keep me dry.
Ta. Bit spendy although probably excellent being Arcteryx, I've maybe max budget £100