There are a lot of forces causing Cotton fabric to go up. The floods in Asia took out a lot of cotton crops, the cost of transpertation to get it here, and I'm sure that the falling dollar dosen't help.
Cotton not only affects fabric, unless you're using polyester, your batting will be more expensive as well.
As far as what goes up will come down, not likely to any extent, at least for a year or two.
The truth is fabric is going to cost stores like mine more to buy in the new year, and if we want to stay in business, we have to raise prices as well. Hopefully we can minimize the added expense. The more you continue to shop the LQS, the better chance we have of doing that. If quilters stop visiting LQS's they will either have to raise prices or go out of business.
Lanny