I'm relatively inexperienced with firearms, but have noticed that the price off ammo has fluctuated greatly over the last 1.5 or so years. For example, where I am, a 50 count box of 9mm has nearly halved in price from ~$20 to ~$12.
Is this due to COVID or is this sort of thing typical of the industry? Thanks in advance.
Keep in mind that some of that will be inflation, which we've had an unusually large amount of recently.
https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=8&year1=201912&year2=202309
$8 in December 2019 has the buying power of $9.58 in September 2023.