While many reports blame capacity or a conspiracy theory, the real reason that .22LR ammo is short supply is simple - us.
Don’t believe that? Remember when .223/5.56 ammo was selling for $1.00 – $1.25 per round? Remember 9mm at ridiculous prices? That’s not happening anymore is it?
Eventually, demand quit being the problem. The average consumer decided that they would no longer pay gouged prices for .223 and 9mm and within weeks that ammo was plentiful on store shelves at much more reasonable prices.