Fabric has gone up in price by at least $1.00 a yard; and the sad part is, all of it is made in China, even the "high end" brands. When I lived in NC, I used to buy at Mary Jo's all the time, and Mary Jo herself told me about the price increases. So when a shop owner buys a bolt, they have to reprice by the yard.
Fat quarters at $2.50 were too much to begin with imho; they are basically scraps and on many you have to cut off the selvage.
Remember when fabric was actually made in the USA?