My latest inexpensive merino is from Decathlon. I have their Forcaz Travel 100 shirt. Very think fabric and the MSRP of $25 cannot be beat. I am typically a size L, but being a Euro brand the XL fit as expected, not skin tight and not baggy. I see that their stock is practially depleated for the shirts at the moment, but watching it this year they seem to typically restock within a month or so. I have used it a few times on hikes and runs and I am very happy with it.
I also have their Trek 500 Gloves. Most wool liners seem to be a bit thick to layer. These are very thin. I have only taken them on a local run, but so far so good.
