I have heard all about hops and their price increase, but I was still shocked by the price increase at the homebrew store that I shop at, especially since I live in the west coast. The prices increased by 40%-100% depending on availability and popularity. The regular prices used to be $2.50/2-ounces and have skyrocketed to $3.50-$5.00/2-ounces, with some hops unavailable. After a brief conversation with some of the workers they admitted that they will have to change a few recipes and stop producing a couple of their beers. I find this very disappointing and a saddening state of affairs.
Although, I do not see this hop shortage and price spike to be over soon, I hope that over the next year that hop prices and availability will become more reasonable soon.