5 Things That Will Be More Expensive in 2012Danielle Sullivan
It’s unavoidable. With each passing year, prices go up.
More and more, I am finding how incredibly expensive it is to simply go supermarket shopping for our family of five. And I also find myself saying, “back when I was young” and then reminiscing about how as a teen, I could get a slice of pizza and a coke for a dollar. Now it’s an easy $5.
Many things that directly affect families are predicted to experience a hike in price in 2012 according to DealNews.com.
Here are five of them, some surprising, some not:
New Digital Camera Models 1 of 5Smartphones have quickly replaced budget friendly point-and-shoot cameras, so manufacturers and retailers are focusing more on higher-end digital SLRs, says Laura Heller of Dealnews. This year, consumers may have a hard time finding a newly-released digital camera with an inexpensive starting price, as the market is moving towards more feature-rich products.
Airfare 2 of 5Greater demand and fewer available airline seats will likely lead to higher ticket prices for flights next year. American Express predicts prices within North America will increase up to 5% for economy seating, depending on the length of the flight, and up to 7% in business class. Things look bleaker for European travel. A new "green tax" implemented by the EU is aimed at reducing emissions, and it will levy a fee of roughly $15 per passenger, each way, for flights to the U.S. Fees on shorter flights within the EU will be taxed slightly less.
Groceries 3 of 5Most retailers have reported that food prices are rising and those increases are being passed along to shoppers. Food costs rose 6% last year and will likely go up at least 2% more in 2012. Increases are likely to affect food eaten at home, rather than restaurants where those costs are easier to absorb when combined with sales of liquor.
Cell Phone Data Plans 4 of 5Data plans in the past have had a tendency to decline, but as carriers build out 4G and LTE services, and move away from unlimited plans, data is set to become more expensive in 2012.
Water 5 of 5Most communities in the United States will face water rate hikes this year, even places that are rich with the natural resource. Water rates in the greater Chicago area will increase by as much as 25% next year, while the parched high desert Denver market is set to rise an additional 5.5%. Like the above-mentioned fees, this increase is mostly a result of cities needing to increase revenue to balance their budgets.
For the full list, visit Dealnews.com.
What do you items find most expensive lately?