LQS's around here are retailing from $9/yd for their older stuff up to $12/yd for the newest stuff coming in. (sale prices not included)
Due to worldwide demand for cotton increasing every year, and ongoing shortages as well as increases in global freight, the cost of dyes, the cost of printing and everything else increasing, most forecasters aren't seeing anything but continuing increases in the prices of fabric into the foreseeable future.
Most shops are trying to hold down prices to the end consumer, but sooner or later you either have to raise prices or go broke and out of business.