I think the rising cost of fabric is one of the reasons that the style of quilts in the magazines has changed recently. These new 'bed warmer' pieces to put at the foot of the bed seemed a little silly to me until I realized it was a way to keep quilters makiing quilts. Writing a check for material to cover the whole bed is way beyond most quilters, but they can afford something small & still tell their husband "it's for our bed".
This inflation is frustrated, but not really new to the hobby. I've watched the price of quilting books go from about $5 up to the $40 they want now & asked myself when I would have to quit buying them. (answer turned out to be when I run out of room - but I still want every title printed!)