Hancocks of Paducah's owner is the one who told a co-worker of mine who went to shop in his store that prices are going up more than they ever have. I know someone who has a business that makes items in China, and he said that part of it is the rise in cost of fuel and that China is raising their prices to manufacture items, be it fabric, decorations, etc because the factories there want more money. He said it was pretty much the word all around oversees. Besides, have you seen the prices at the grocery store lately? It really does not surprise me.
I will be shopping my stash first and then only adding what I need for a project.