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Five Things That Will Cost More This Year

Saturday, January 4, 2014

By Cornelius Nunev


Taxes are increasing this year for most customers. But there are money other things that you can be ready to shell out more for in the current year. Here we highlight five of them.

Pay more for food

According to the United States Department of Agriculture, food prices are expected to rise by as much four percent in 2013. Much of that is because of the drought last summer. For an average household, that could mean paying as much as $40 more at the grocery checkout every month.

There will be a 3.5 percent increase in baked goods and cereals.

The cost of grains and products related to it (such as milk, meat and eggs) will even be growing.

New car costs to increase

Depending on the manufacturer, you will be paying more money for automobiles in 2013. For instance, the Toyota Camry will cost $175 more this year, though a $3,000 increase in price was put on the Lexus CT 200h. The reason behind the price increase is that the federal government is requiring automakers to start producing cleaner automobiles with higher fuel efficiency standards. That means more money has to go into research, and car makers have to pass the cost down somehow.

Things that will cost more: insurance

With Obamacare in place, businesses are being required to pay more for insurance for American consumers. The money will definitely be passed on to consumers who will pay a typical of $267 extra a year in insurance, according to HR firm Aon Hewitt.

Getting a smart phone

DealNews explained that T-Mobile is going to start charging full price for cell phones in 2013, which could very well mean that other cell service providers will follow suit. It used to be that consumers could get a cheaper mobile phone if they signed a long contract with the cell company, but that is starting to disappear.

Visiting a baseball game

The cost of affordable seats for the New York Mets is now growing to $63. That is twice the cost in 2012. Other teams are growing their costs again. You will have to pay more to see baseball.

However, this is not across the board. Other more fan-friendly teams, such as the Boston Red Sox and the Chicago Cubs, have either retained or lowered ticket costs.




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