Last week, I posted about things that will drop in price in 2012.
Now, it’s time to discuss the ugly flipside: things that are expected to go up in price in 2012.
CNN.com has compiled a list:
1. Airfare: Airlines are making cuts and adding fees, but they’re still seeing year-over-year losses, which means less available flights and higher ticket prices.
2. Meat and fish: Demand is up – and so are production costs, which means price increases for consumers.
3. Coffee: wholesale coffee prices have risen 18 percent in two years, meaning that more than just Starbucks will probably be raising prices.
4. Gas: Yup. See this post.
5. Snail mail: The post office is looking for ways to cut costs and make extra profits – which means higher prices for guaranteed delivery. For example, starting on Jan. 22, the cost of a first-class stamp will rise to 45 cents.
6. Clothing: Like in the food industry, raw material prices are up, which means that consumers will most likely end up shelling out more for new duds.