Most customers will be paying more for taxes in 2013 than they did in 2012. However, that is not the only chunk your pocketbook will endure in the current year. Here is an overview of just a few of the things that will cost more in this young year.
Food getting more expensive
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 a typical household, that could mean paying as much as $40 more at the grocery checkout each month.
Breakfast cereals and baked goods will go up by as much as 3.5 percent, according to the United States Department of Agriculture.
But it is not just vegan foods that will cost more. The drought also brought on the price of feed grains to rise, increasing the cost of meat and eggs and milk and cheese and butter.
Pay more for your car
Because of federally mandated fuel efficiency standards, car manufacturers are forced to invest in new technologies and develop cleaner but more costly engines. Much of that cost is being passed on to the buyer at new car dealerships in 2013. How much varies by automaker and model. According to U.S. News and World Report, the cost of a midsize Toyota Camry will go up about $175 this year. The higher end Lexus CT 200h, however, will set buyers back $3,000 more than it would have last year.
Things that will cost more: health insurance
With Obamacare in place, businesses are being required to pay more for insurance for American consumers. The cash will obviously be passed on to customers who will pay a typical of $267 extra a year in insurance, according to HR firm Aon Hewitt.
Pay more for your mobile phone
In the past, consumers have often gotten a break on the phone when they paid for cellular service and data plans. However, like the rest of us, cell providers are tightening their belts. DealNews claims that T-Mobile will start charging full price for the hardware needed to utilize its services, and other providers may well follow suit.
Things that will cost more: baseball tickets
The New York Mets new "dynamic pricing" strategy raises the price of the affordable seats. For opening day those seats will cost $63, which is more than double the cost from 2012. Meanwhile, other teams, such as the Kansas City Royals and the Seattle Mariners, are also raising ticket costs.
There are some baseball teams keeping the low prices such as the Boston Red Sox and Chicago Cubs.
Food getting more expensive
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 a typical household, that could mean paying as much as $40 more at the grocery checkout each month.
Breakfast cereals and baked goods will go up by as much as 3.5 percent, according to the United States Department of Agriculture.
But it is not just vegan foods that will cost more. The drought also brought on the price of feed grains to rise, increasing the cost of meat and eggs and milk and cheese and butter.
Pay more for your car
Because of federally mandated fuel efficiency standards, car manufacturers are forced to invest in new technologies and develop cleaner but more costly engines. Much of that cost is being passed on to the buyer at new car dealerships in 2013. How much varies by automaker and model. According to U.S. News and World Report, the cost of a midsize Toyota Camry will go up about $175 this year. The higher end Lexus CT 200h, however, will set buyers back $3,000 more than it would have last year.
Things that will cost more: health insurance
With Obamacare in place, businesses are being required to pay more for insurance for American consumers. The cash will obviously be passed on to customers who will pay a typical of $267 extra a year in insurance, according to HR firm Aon Hewitt.
Pay more for your mobile phone
In the past, consumers have often gotten a break on the phone when they paid for cellular service and data plans. However, like the rest of us, cell providers are tightening their belts. DealNews claims that T-Mobile will start charging full price for the hardware needed to utilize its services, and other providers may well follow suit.
Things that will cost more: baseball tickets
The New York Mets new "dynamic pricing" strategy raises the price of the affordable seats. For opening day those seats will cost $63, which is more than double the cost from 2012. Meanwhile, other teams, such as the Kansas City Royals and the Seattle Mariners, are also raising ticket costs.
There are some baseball teams keeping the low prices such as the Boston Red Sox and Chicago Cubs.
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