economically speaking, that is probably the fair price range for it, we've just gotten used to companies selling at near loss, or as loss leaders for the last few years. During Obama, $330/1000 for steel, and bottom level brass was around $500, with low end name brand stuff running about $700/1000. I talked to a few distributors about the price changes, and they all agreed that those were once normal, and the cheap ammo of the 90's-2007 was a product of fallen government selling below cost, and manufacturers trying to stay competitive. High inflation has a huge effect, and the enormous devaluation of the US dollar is the big reason why the Bush era raised prices on ammo, gold... gas . We're there now, adding too much printed money for normal inflation or borrowing. Prices are going to go up on all global commodity products. Economic problems cause wars, and wars raise prices on ammunition considerably. Remember when all the steel case stuff stopped selling in the US because the US bought the factories out for Iraq?
Everyone is just preparing for their inventory to be irreplaceable at lower costs. If they have to buy wholesale for 250/1000, they'll be bankrupt is they charge 250/1000 for what they currently have.