In my opinion, the fact that people would pay more for Netflix than their email provider is kinda crazy, when you think about their relative importance.
But I think Netflix is extremely cheap/good value if you enjoy the content.
PurelyMail seems to charge by storage, not mailbox address; and AFAIK so does Migadu (which, up until reading this post, I thought was unique in that).
They do allow infinite aliases which covers most of my needs, but when I wanted to use a FastMail box for my home automation system's service account it didn't make sense to do so.
Not exactly the same as hundreds of individual addresses/inboxes, but may fit some people's needs.
I've been using Zoho like this now for a little while and I am pretty happy with it considering the price.
There is an undocumented limit though. You can generally only have upto 30 aliases.
I'm not sure saving $2 a year is worth using a self-proclaimed (according to its website) beta service. Then again Gmail was in beta for many years.