Here's to hoping you make more money. Experts are expecting 2013 to be more expensive than 2012. Dealnews.com came out with its list of things that'll cost you more. Here is a list of five of them.
First, the grocery store. Dick Rinehart's been in the grocery business for 50 years and hasn't seen so many factors come together to drive prices up.
"This was a perfect storm, basically the last 3 years," said Rinehart. This year, meat, poultry, and dairy are all going up. "We had a drought. Corn crop was down, wheat crop was down. Bread is made out of wheat, we feed our animals corn."
The USDA expects meat, poultry and dairy prices to go up around four percent.
Second, as Dick mentioned, no rain means less grain. At the very least, that means cereal and bakery items are going up. The USDA says up close to three percent.
"My first law of economics, everything affects everything," said economist Dr. Logan Kelly. Dr. Kelly runs the center for economic research and says global factors are contributing. "You're having a greater demand, more people wanting the same basic amount of resources that the world can provide, and so that's pushing commodity prices up long run."
The cost of college is also going up. "We're also seeing diminished public support of public education, of public institutions, which is also forcing costs to go up," said Dr. Kelly. The College Board Advocacy and Policy Center says in-state tuition will rise almost five percent.
Fourth, according to Deal News, shipping costs will rise at both UPS and FedEx 4.5 to five percent.
Fifth, health care premiums are on the rise, hiking up six percent by some estimations.
You can find the full list
here.
