Lots of competition and lots of innovation.
Your laptop’s a month old? That’s great… for a nice, heavy paperweight!
It’s all about the Pentiums, baby.
And I find multi core CPUs just as cool as the olden days.
$250 ten years ago bought you a Intel 4670K, a 4 core chip (with significantly slower cores, less cache, etc). A 14 core processor was available only as a server CPU and cost $3000.
I'm not sure that is evidence of price going up faster than density over the last 10 years.
This meant you had exponentially-growing numbers of transistors for the same price.
Density is going up now, but so is price. A billion transistors a 4nm will cost less than a billion at 40nm, but it's a different ride since you don't ave a 100x reduction in cost. There is a reduction, but it's not the same wild ride.
At the same time, NREs are exploding.
Which makes it the worst possible time to buy a CPU as the value is low (economies of scale, market saturation) and declines fast (new models).
it's not exactly unexpected