Aside from all the practical reasons prices are on the rise, it's still sticker shock. I was online checking out a new site earlier and one of the lines was priced at $15 a yard. A floral print, nothing special.
I know overseas and our neighbors to the North pay far more than we do but I'm still spoiled by $7/yd and under prices at my LQS when I was at the height of my buying bliss.
Now I just get charms mostly and keep to small cuts on the occasions that I have money to spare for fabs. Thankfully I've got a nice bit to choose from that I'm not sweating the "crisis" as such for now. But I sure miss the carefree spending on what caught my eye.