A couple of things are happening right now. First, people are panicking, so they are buying firearms, ammunition, and reloaders are buying components at record levels.

Second, due to the pandemic, manufacturers have cut hours or the number of people working each shift, so production of most things has fallen.

Combine the two and you get a prime example of the basic fundamentals of economics, those of supply and demand. Demand has risen, supply has fallen, thus, prices have increased.

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VCDL, GOA, NRA