Yeah it's very weird, here in Europe the SE is a lot more expensive. Here in Spain it's €559 which is much more $ to € markup than any of the other models.
I don't think it's that interesting a model either because it ignores the last 5 years of innovations like bezelless phones. For €349 you can get a nice midrange Android which does have a bezelless screen, fingerprint in display, oled display and often even a 3.5mm jack.
Sure it's not as fast but that's one one thing I care less about, if I need fast I'll use my computers. The phone is just for on the road.
$429, actually.
> https://www.apple.com/shop/buy-iphone/iphone-se