As a non-observer, what timescales are we talking about here? These statements don't mean much without context. The last storage price spike I recall was the great 2011 Thailand flood. Have there been fluctuations the common man should know about since then?
Roughly: a flash memory shortage started in late 2016 when everybody but Samsung was having trouble transitioning to 3D NAND flash memory, and Samsung was having trouble with their third generation of 3D NAND. All of the flash memory manufacturers are now producing 64-layer or higher 3D NAND and prices have been coming down for a few months, but they're still higher than 2015 prices.
Consumer SSD prices are absolutely trending down. Everyday Amazon and Newegg prices are slightly better than the Black Friday/holiday sales of four months ago.