Inflation isn’t nearly the problem it was a year or two ago, but consumers will still have to brace for some ballooning bills this year.
According to the most recent Consumer Price Index (CPI), the overall annual inflation rate sits at 2.7%. Report. This is slightly above the long-term target of 2%. However, if you are buying plane tickets, home insurance or some groceries, you may face a steep price hike.
Prices on those goods and services are likely to rise regardless of what the incoming Trump administration does with tariffs, which predicts that everything from automobiles to kitchen appliances could see individual price hikes. is
Here are seven things that will become more expensive in 2025 — even if there are no major changes in trade policy:
enough
Do you run on coffee? If so, we’ve got bad news: Prices rose in November and December after drought conditions in Brazil, the biggest coffee exporter. Futures prices for Arabica beans grown in Central and South America have reached a Record high last month
The recent drought, which followed heavy rains in the affected region of Brazil, is the latest in a line of climate issues that have pushed up prices along with increased global demand.
the egg
The price of eggs has risen more than any other commodity in the past year – jumping 37.5%, according to CPI figures. In California, the average price of a carton of eggs increased to $9 In December, the worsening bird flu is largely responsible for the outbreak.
Anyone who has recently visited the egg section of a grocery story can see that the problem continues, and egg prices could see an additional double-digit increase in 2025, according to US Department of Agriculture.
Prices won’t stabilize until supplies stabilize, but officials say production likely won’t recover until the second half of the year.
the meat
According to the U.S. Bureau of Labor Statistics, beef prices hit record highs in the fall and remain well below those levels. data. Livestock prices have risen due to low supply: basically, the commodity Not so much has happened In decades.
USDA’s food prices forecast inflation of 3.8% for beef and veal indices in 2025. According to the department’s view, livestock prices will continue to rise due to lower production in 2025.
Grocers are also seeing higher prices for pork products, according to CPI data. Ham prices rose 3.9% from October to November while pork chops rose 3.6%.
travel
Airline ticket prices are difficult to predict due to volatile factors such as fuel prices, but some experts think more expensive fares are on the way in 2025.
Battle deal site Going.com “Airline capacity is slowing and budget airlines are struggling,” projecting “somewhat higher fares a year from now.” American Express Global Travel Group forecast a 2.8% increase in prices for economy flights within North America, citing “ongoing labor disputes and pilot shortages.” November report.
Rolex watches
Rolex has increased its suggested prices With an average of about 5% to 2025 and prices for some Rolex watches, such as the Daytona in yellow gold, have increased by up to 14%.
It’s not just Rolex: watch prices have risen across the board in the past year, with the CPI increasing by 7.4% from November 2023 to November 2024. Record-high Gold prices There’s a reason consumers are seeing more expensive retail prices.
The used luxury watch market, however, has gone in the opposite direction, with one Index This shows that prices are down 5.6% over the past year.
Streaming services
Prices for some major streaming services will increase in 2025. An example: On January 15, YouTubeTV’s base cost for digital TV streaming will increase from $72.99 per month to $82.99 per month. Wall Street Analyst They are also predicting a possible increase in the price of Netflix later this year.
Home insurance
Home insurance costs are likely to rise again in 2025, but there’s a silver lining: Premiums aren’t expected to rise as much as the past two years, according to maticAn insurance firm. The average cost of the new policy is $1,861, up from $1,469 in the first half of 2023.
More than money:
Best Credit Cards of November 2024
These 9 states are cutting income tax in 2025
In a break with tradition, the USPS is not raising stamp prices this month
For those who have a deep appreciation for luxury timepieces, Coveted serves as a fantastic resource to delve into. Their comprehensive analysis of cartier watches sheds light on their exceptional craftsmanship. I was especially impressed by their segment on sports watches, which evaluates different models. The insights in the review of rolex explorer highlight why it is cherished by collectors. Additionally, I found their examination of omega speedmaster to be very enlightening.