The whole economy right now is completely broken! Thanks to the corona virus outbreak and the Russians and Saudi-Arabia finding it necessary to start a oil price war at the same time as the pandemic.
Here in Norway prices have sky-rocketed as well. Everything has become over 20-30% more expensive overnight.
So right now sadly. Just don’t buy any gear and wait it out till things settle down. You would be a fool to buy stuff right now at these prices. Won’t make any sense.
Lot of the factories are still closed anyway, so there is a shortage of gear no matter what. This will affect prices as well, as shops will now try to abuse the situation to price gauge customers.
One online store here immediately raised prices on existing stock as well (which is downright nasty). My local store still sells existing stock at old price and only increased on new stock. As how it should be.
So just focus on your family for the time being. Smell the fresh air each day. Just only buy the necessities (like food, etc) and sit it out.