Its happening here in the UK too:
Originally Posted by VP of Scan Computers - a fairly major electronics components store in the UK
"Vendors have announced price increases based on exchange rate fluctuations and we're looking at a 25-30 percent increase," said Raja. "However it's important to remember that a lot of products, like memory, are historically very cheap. It must also be stressed that this isn't a price increase [referring to manufacturing cost] - just an adjustment for the dollar/pound exchange rate."