I've seen three of these shortages now, since 2001. 2008 and 2013 were similar to what we're seeing now, except that there was very little ammo at all for several months until manufacturers got ramped up. I remember that there was no .22LR at all for nearly a year, and when it did come back the price of a brick jumped 150% or so. All the common pistol calibers as well as ,223/5.56, .308, 7.62x39 saw 100% price increases, but there was some availability in dribs and drabs. And it took several years for stocks and pricing to return to near-normal.
I think the difference today is that manufacturing has ramped up faster, but pricing by many distributors has shot up much faster and higher. $700/1000 for 9mm, $100/550 .22LR are beyond anything I've ever seen. Basically we're looking at 300-400% price hikes in just a few months, though in some places for some ammo this doesn't seem to be true. Online it seems pretty widespread.
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