All Articles Tagged "price of food"
Each year it seems like the prices of everything goes up. Well, this year it will be a fact. According to Dealnews (via The Huffington Post), there are various items that will cost you more in 2013 — from cereal to college tuition. Annually, Dealnews looks at items that are expected to cost consumers more in the coming year.
Here are five things that you can expect to pay more for this year:
1) Cars: “Gas prices may be falling, but cars that run on it are getting more expensive. Earlier this year, the Obama administration issued new standards that require automakers improve fuel efficiency, and the cost of upgraded engines alone is driving up prices,” according to Dealnews. For example, A mid-size Toyota Camry will cost you an additional $175 while 2013 Lexus CT 200h will be almost $3,000 more than last year’s model.
2) Groceries: Because of this summer’s drought, foods such as meat, poultry, and dairy prices are all expected to rise. Why? Drought conditions “forced farmers to reduce the size of their herds to combat higher feed costs, the price of beef and chicken is also slated to rise,” the article says.
3) Healthcare: HR consulting firm Aon Hewitt told the outlet says that, even with Obamacare, employee health care premiums are expected to rise an average of six percent in 2013. For more about the latest developments to the new healthcare plan, click here.
4) Computers: As technology gets more advanced, prices increase. Just look at Apple’s new notebooks that feature retina displays. They are among the highest-priced models on the market.
5) Smartphones: In the past, if you signed a long-term cell phone service contact, the maker would subsidize the phone’s cost. Not so much anymore. “In 2013 T-Mobile will eliminate the subsidy and charge full price for its phones. While there’s evidence to suggest that the carrier will in turn allow users to opt for cheaper service rates (thus saving money in the long run), the pill of a full-price phone may be hard for many to swallow,” writes Dealnews.