Not at all!
CFLs cost $1.74 per bulb with an efficacy of 64 lumens/watt [1]. LEDs cost $12.47 per bulb with an efficacy of 84 lumens/watt [2].
As far as LED bulbs go, $10-$15 per bulb is a pretty typical price. A more correct phase is "The average LED is 30% more efficient than a CFL, but costs 7x more." Anyway, both halves of your statement are wrong.
The big savings comes in flexability. LED bulbs are easily dimmable. Dimmable CFL bulbs are expensive and don't work well. LEDs can be turned off and on quickly without wearing them out. I go through a lot of CFLs in my basement, because the lights are turned on for three minutes at a time, several times a day. They actually burn out faster than the incandscents! Though in most cases it does not make sense to replace CFLs with LEDs yet.
Eventually it will, see Haizt's Law [3]. CFL tech has been improving too but not as fast. In 1980 florescent tech was at 34 lum/watt. Doubling every 30 years is a dead end.
[1] http://www.homedepot.com/p/t/100687000