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Cost of ammo

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.

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10 comments
10 comments