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On the one hand their is inflation. A rising tide lifting all boats.

On the other is regulatory creep. There will always be pressure to tax or otherwise make disfavored products more expensive. That pressure can be applied from the very bottom of the manufacturing end to shipping, packaging, sales. Do not think for even a second that our powders, lead, primers, etc etc etc are not disfavored by the regulatory "elite". They disapprove of you and I and of how we recreate.
 
A quick search suggests;
$1 in 1976 is equal to $5.53 in 2024
$2 in 1976 is equal to $10.91 in 2024

It would appear everything is not necessarily relative. The unscapled price of caps may be relative but not powder.

This being said I was just commenting on my experience buying supplies around 1976 and not making a comparison except about the availability of true blackpowder today.

It costs a lot more to do many things these days including feeding guns, any guns.
You also didn't add in Haz Mat fees t n at didn't exist in 1976.
 
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