Its' because cotton prices hit at all-time high at the beginning of the year. Here are a few articles explaining why fabric is now more expensive: here and here.Interestingly I just read an article this morning about how cotton prices have dropped significantly since then and are expected to continue to fall for the rest of the year. I suspect that fabric prices will not go back down, though. Luckily I have a giant stash! :)
Karen I've noticed this too, that new lines are more likely around the $10 mark. Memo to self- Must buy more fabric now!
All the more reason to search hard for sales.
It's only getting worse. A LQS owner told me about price trends from Spring Market, be prepared for sticker shock!