Which Will Be More Expensive (and Cheaper) in 2018
Your budget won’t like it, but there are a number of products and services that could be significantly more expensive next year. The good news is that some things are going to be a lot cheaper too.
DealNews recently sent us a list of products that will cost more in 2018 , as well as another list of products that will be cheaper next year. Here’s what you can expect in 2018 based on their views as well as some of the retail experts we interviewed.
What will be more expensive
Phones : Smartphone prices have already started to rise. The latest iPhone has jumped to a whopping $ 999 and the Google Pixel 2 XL at $ 849. We now spend almost a hefty amount on our phones (though they take some pretty cool photos ). “This trend seems to run counter to other tech products that tend to get better and cheaper,” says Kyle James, owner of coupon site Rather Be Shopping . “These phones are getting better and more expensive.” Writer Elizabeth Harper of DealNews says we can expect this trend to continue.
Travel : While airfare has been historically low in the past couple of years , the Global Business Travel Association expects prices to rise by 3.5% next year, so you might choose to travel by car instead. They expect hotel prices to rise by 3.7%. “The reason? A stronger global economy and higher oil prices,” says James. Prices will of course vary depending on destination, but DealNews adds that the National Park Service has already suggested more than doubling admission fees for some parks . In fact, this has already increased the price of the older pass from $ 10 to $ 80.
Poultry and other food . While some food items such as dairy products, beef and eggs have been falling recently, the CPI estimates that overall food prices will rise 1-2% next year. DealNews reports that prices for some products will be even higher. “For example, poultry prices are expected to rise due to supply problems. And avocados that were on our list of increased prices in 2016, is still more expensive . “
What will be cheaper
Organic food. Overall food prices are expected to rise 1-2% next year, but organic food prices may decline. The recent acquisition of Amazon Whole Foods has driven prices down, ”writes Harper. This is more than speculation: Nielsen has already reported price cuts for generic organic products.
4K TVs: If you don’t mind – or better yet, if you want – an ultra-high definition 4K TV, you can get a 4K TV for less in 2018. “They dropped significantly in value last Black Friday. and this trend will continue in 2018, ”says James. “Especially in the two weeks leading up to the Super Bowl. Plus, 4K Blu-ray players now cost less than $ 100, making 4K movies more affordable. ”
Used Cars : Used cars continue to fall in price and this trend is likely to continue into the new year. According to Black Book, an auto research firm, the average used car lost 17% of its value annually, falling from $ 18,400 to $ 15,300. Part of the reason for this trend is that car rentals have become more popular and affordable, so when it expires, it leads to an increase in the stock of used cars . More supply, less demand. In fact, Morgan Stanley estimates that prices will fall 20 to 50% over the next few years.