Posted On: Thursday - March 24th 2022 6:35AM MST
In Topics:   Inflation  Guns
OK, it's not been quite 22, as Peak Stupidity arguable has15 different products/services in our more specific posts with the Inflation topic key* at this point. (Many of the posts have more general discussion of price inflation.) No, what I mean here is dot-22, as in .22LR rifle cartridges.
.22 "long rifle" rounds are ubiquitous. Being not very powerful, and with a 40 grain or so bullet, they are not the best for hunting or self-defense. However for fun (plinking) and general practice, they have been the cheapest thing around, almost a non-issue in the cost of shooting.
I bought a .22 rifle for $90 from K-Mart roughly 30 years ago. At that time one could get one of those milk carton style containers with 500 rounds, and sometimes a bonus 50 rounds with it, for $10 to $12. That's around 2¢ apiece. That 90 bucks for the gun was significant for me (a function not just of the year, but of my age and employment status). 2¢ a round? That was not a factor. I remember shooting out in the desert in the West, and WHAT to shoot at was more pressing a problem than how much I could shoot.
Going back only 10 years, maybe even slightly more recently, you were gonna pay about $20 to $25 for the same 500 or 550 round milk cartons. (Others companies package them in those "bricks", conveniently 10 small boxes of 50 - very organized.) OK 4¢ or 5¢ each, not a problem. I could more easily pay that anyway due to my life at the time.
During the political years, either after election time or during another hoplophobic push by the ctrl-left, the prices on all ammo would shoot up at the gun shows. I'd try to wait that out. I don't think the latest increases are temporary though. The 800 round box I just got worked out to 15¢ per cartridge. When I think about it, it's still amazingly cheap for what you're getting, thanks to industrial automation. Still, they cost 7 times as much as 30 years ago!
However, let's work out the numbers again, with the help of the Money Chimp**. 2¢ in 1992 up to 15¢ in 2022, right at 30 years later. With compounding that's 7% average annual inflation. That's a decent amount higher than the 4-5% Peak Stupidity has come up with for many products and services. but it's in the ballpark. I'd do other ammo, such as .223, but I can't remember for sure what I paid 10 years back. (I'm usually very good with that.)
PS: From 1992 to 2012 I get 3.5%. From 10 years back to now, I get 14%! I'll check back in in a couple of months about this. I'm hoping a small portion of the increase is the political fallout effect.
* Speaking of which, I did just now add
** I don't know why I like the name of that site so much. It's easy to use, anyway.