Uh......NO
What we have is the new standard. I expect the prices to continue moving upward. There will always be conflicts, wars, etc. because they are neccessary to perpetuate our economy. Face it, we have become a war nation. (not a bad thing, just the way it is). I still believe we are the good guys, just a lot of bad guys out there. Our manaufacturing base, with the exception of defense contractors has moved offshore.
That being said, ammunition manufacturers see that there are a lot of "preppers" out there. Many are stockpiling caches for SHTF. Others are getting their family members involved and practice takes rounds. I think those that shot very little are now shooting more often, burning up some of the supply.
I can remember when my father and I would go several months between gun range sessions. That is never the case now. Ranges are overflowing, and conservative americans are practicing their 2nd amendment rights. Ranges are full, business is brisk. More people are arming themselves. People are telling family members to stock up, and many are heading the message. Quite frankly, I am surprised ammo prices are as low as they are now. By the way, handgun ammo is very hard to find in my part of the country. People are buying, regardless of price.
If you could get a higher price on a product you make, wouldn't you?