Sorry, JJs, it's not "just talk".
I'm looking right now at a 16% increase in the prices of Christmas 2011 fabrics over what the same (identical) fabric would have cost this year in 2010.
We would all LOVE to be able to buy wonderful fabrics next year for the same prices as we have in the past, but that's not going to happen. I just hope that the readers on the forum understand that it is not the fault of your LQS that the prices are going up. And that if anyone is hoping that your LQS can absorb the increase, while their other costs continue to rise (payroll, benefits, rent, utilities)... you may find that in a year or two, with broken hearts and empty pockets, they close their doors for good.
It won't happen immediately... but 2011 is going to be a very trying year in the fabric business.