From the 2/29 Kiplinger Letter:

The news isn’t so good for beer drinkers. Malting barley prices
are setting records at twice the usual level because of grain shortages.
And hops, the other main ingredient, is running up to 25 times the norm.
Higher prices haven’t hit supermarkets yet, but they soon will.
Big brewers won’t be hurt too much because they buy well in advance,
but small producers that rely on spot markets are starting to up prices.

I know prices of hops are up, but 25 times… OUCH!

It's good to be a homebrewer.