I tend to agree. Demand will have to continue dropping before prices will drop and even then I think with increased input costs for final goods we're going to see higher prices. Ammo inflation this time is probably permanent.
All inflations is permanent, the question is to what degree the inflation is. An 8% y-o-y increase on $1 is $1.08 in y1 and $1.17 in y2. Do the cumulative inflationary costs result in a 200% price increase? That remains to be seen.
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