Widener's has an interesting discussion of how prices for guns and ammo have changed since 1986. Guns have roughly followed inflation. Ammunition has often not risen as fast:
The Biggest Surprise: 9mm Got Much Cheaper
In 1986, a box of 9mm cost $22.50, or about $0.45 per round.
In 2026, it averages $10.00 per box, or $0.20 per round.
Even without adjusting for inflation, that’s a dramatic decrease. When adjusted for inflation, 9mm is significantly cheaper today than it was in the 1980s.
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