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Just keep in mind that the long run trend for storage prices is pretty strongly downwards; that's a log-scale graph.
Yeah, but storage requirements go up, so it stays the same (at best). It feels more expensive though.
That's true but for example with battery storage, prices were on their way down then Russia invaded Ukraine, gas/coal prices shot through the roof as Germany slurped up all coal and gas they could get and that triggered a massive spend on renewables which increased the prices of solar batteries from august 2022 peaking in nov 2023:
https://www.solarchoice.net.au/solar-batteries/price/
Looks like AI is the Germany of PC hardware:
https://au.pcmag.com/news/114129/ssd-storage-prices-to-climb-as-ai-demand-meets-tight-nand-supply
https://www.tomshardware.com/pc-components/dram/dram-prices-surge-171-percent-year-over-year-ai-demand-drives-a-higher-yoy-price-increase-than-gold