Yes, fabric is getting very expensive. I am soon going to quit making big quilts and concentrate on baby quilts, wall hangings and other small items.
In this area you cannot get a good price for a homemade quilt. People are just not willing to pay for it. I sell at a price that covers the cost of materials so my labor is free. I hate devaluing my work like that but I am on a very strict budget now and want to sell the quilts I have made to help buy materials for other quilts. If I ask a higher price, I won't be able to sell.
There was a time when I could put a higher price on a quilt and wait until the right person came along and was willing to pay the price. These days I need to sell to cover cost of materials.