Discussion in 'General Gun Discussions' started by Brubz, Apr 30, 2022.
I'm no expert on inflation what do you guys think?
Beat me to it. But id go up June or so 2020. I was ordering cheap cases of ammo as the government paid me to sit at home during covid.
Going there, and we look at the difference from 2018 to now, some numbers emerge. $1 in 2018 ciphers as $1.16. Reversing that, 89¢ in 2018 renders as $1 in 2022.
Ammo prices increased over "the drought" far more than 16-20¢ of inflation. That's the cruel calculus of Supply and Demand. Which can couple with inflation to be quite ugly.
Will we see 55gr WWB 5.56 down to $5 per box? Maybe not.Is it likely to get off the $15 stump it's presently stuck on? We can but hope.
You are referring to this: https://data.bls.gov/cgi-bin/cpicalc.pl
I use this often myself, but we have to remember two things:
These are the official government numbers. It is in the government's best interest to keep the CPI as low as possible. The formula for calculating CPI has changed since the 1970s-80s. I've read many times and places recently that, if that website used that early formula, it would be showing upwards of 15% rather than the current 8.5% it is claiming.
The official CPI is derived by comparing the prices of a "market basket" of goods and services that most American consumers buy on a regular basis, e.g. common groceries, rent, energy (gas prices are not included because they're too volatile) entertainment, etc.
I highly doubt that the price of firearms and ammunition are included in that market basket. As an example, I recently found the receipt for a gun I bought in 2017. That gun has inflated in price 52%. I recently bought projectiles for reloading; those are up almost 200% since about 2 years ago. I put some firearms accessories on backorder about 6 months ago. I recently got. notice that those items are still on backorder, but that the price had increases 35%.
I have a box of 100 22LR from the 1990s with a $3 price tag on it. According to the official CPI calculator, $3 in 1990 works out to $6.70 or 6.7¢ per round. I haven't even seen cheap bulk box ammo in that price range in years. The cheapest 22LR at Luckyguner.com is 13.8¢ per round. Cabela's still carries the identical 22LR ammo, in the same packaging even, at 12¢ per round.
So, using the real world comparison, ammo prices are about double what they should be when compared to the government's official numbers.
I just ordered 2 boxes of Aguila plated for 17and change/250. Under 7 cents shipped from sportsmans guide. I like those rounds and have found them to perform in everything from lever rifles to my k frames and semi autos. And I didn't shop around. Just bught them for gifts.
I also have receipts for guns from 2000ish 7-800 for sig 22x, HK USP, and Beretta 92/96. They are no higher now. Ive actually bought several for less. I bought a Nova around 2000 for a bit over 400 dollars. They are still around that. Colt AR were around 1k. Still are. Some have gone up no doubt. Some things have gone up. Some down. I remember dad buying his Ithaca 72 (now Henry H001) for 125. I kept dragging my feet and watching them increase a few dollars at a time until around 225 back in 2006 or so. Now they are closing in on 400. Lol.
I paid 2k for a massive 55 inch sony TV around 2005 . I bought my last 80 inch TV for under 1k at sams. Lol.
I paid almost 9k for my last ATV. (2015 Grizzly eps 700) same one is pretty much same price now. And more capable too. My kids still ride our first quad an 80 something trx300. That sucker was high back then, right around 5k and it was a simple 2wd manual shift quad
Same time 8x57js was 8 cents a shot for milsurp. There's none of that no mo.
Cheap 22lr used to be 2 cents a shot, now the cheap stuff is 7 or 8 cents a shot.
A guy I work with came in with a box of cheap winchester deer loads in 30-30 for 75 dollars this past deer season. Lol. Insane. Ive bought 338 Lapua for less. And the only store that he found any in only had the "deer season" ammo from Walmart.
Price of not looking ahead.
5.56 I don't see it going lower than .40/rd for 55gr fmj.
Yeah I auctioned old, partial and full boxes of factory 30-30 ammo during the height of the summer of firy love for $3 a shot. Around 2015, 2016 I bought 2 to 3 boxes of everything 30-30 to accuracy test, shot less than 10 shots from most boxes.
The box of 30-30 leverevolution went for something stupid, I think it was about $100 shipped.
I sold all the partial boxes as a lot, called it a "discount accuracy sampler" or something to that effect.
Back around 06 or so I did the same with 22LR i shot 10 round groups of over 20 different ammo types through a couple bolt rifles (as a benchmark) and about 10 pump and lever rifles. Ammo ranged from 10 dollars per 550 up to eley and lapua.
A "discount accuracy sampler" would have been nice.
BTW in contrast to the hype on the news, oil has not "dropped" like you might think. Prices pre-last election were generally in range of $35-40 with occasional moves to the $20s as OPEC would dump barrels trying to bankrupt US fracking. It shot up very quickly to $80s after the election and closed in on $100 pre-Ukraine war. It did peak around $120 last month before these 'drops' and continues to trade in a range upper $90s to $110. Sure that's 15-20% from its peak a month ago, still more hype than anything else in terms of real cost changes.
Yet, back in 1999, when that 30-30 was $9, .32 Special was 29.99. Basically the same exact ammo. Nowadays that same .32 Special ammo is only $34.
Supply chain is still a major problem that is lingering from the pandemic and is keeping prices high.
The biggest impact on the overall costs and long-term costs is basic economics of Supply and Demand. This is what pushed the cost of ammo up in 2020.
The demand for cartridges like 223/556 will bring the cost back inline as manufacturing catches up. Cartridges like 30-30 & 32 special with limited demand will keep there prices higher.
I wonder if that old .410 is still good to use?
I have some .22magnum from the 80s I thought was old!
I couldn't have said it better myself. So many people have so little understanding of how economies function. This leads them to blame politics or specific politicians, which have little to do with economics. That's not to say governmental policies don't play a role in the economy-they do, but one politician is not as powerful as a lot of people think.
5.56 and 9mm are affordable right now because of economy of scale. Demand for 32 Win Spl was always low, so it was always a niche market with higher prices. The same is true of 32-20, which, if not for cowboy action shooting, would be hand load only by now.
I doubt there is much more efficiency to be squeezed out of ammo manufacturing. They've been at this game a very long time and have narrowed it down to a science. Barring the discovery of some new technology, either in manufacturing or in the mining of raw materials, I think we're at the apex.
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