10 things that cost more this year
Chocolate, digital music, ammo and lots of your other favorite things have become more expensive in 2011.
Updated: May 19, 2011, 8:30 a.m. ET
This post comes from Beth Pinsker at dealnews.com.
The cost of technology goes down steadily, making HDTVs and Blu-ray players today a much better deal than they were a year ago. It's too bad that most other things rise in price.
Here's a list of 10 things that cost more this year than they did in 2010:
- Car insurance. Rates at the end of 2010 averaged $1,000 per year but were going up faster than inflation. (Compare rates on 2,000 models.) That's especially so because insurers are adding on high-tech monitoring abilities and passing along the costs. So not only are you going to pay more, but your privacy controls are going to go down.
- Chocolate. There has been a veritable chocolate crisis going on in the world, and that has as much to do with political unrest and global finance as it does with weather. Cocoa was at a 30-year high earlier this year, and demand is growing. Expect to see fancier presentations even of basic chocolate -- meaning smaller boxes for bigger prices.
- VoIP services. Now that taxes have hit the voice-over-IP market, rates will go up as fast -- or faster -- than those of traditional telephone service providers. It doesn't help that new free VoIP services over smartphones provide killer competition. Expect struggling companies, like Vonage, to keep raising rates directly and/or tacking on extra fees.
- Airfare. Even if you see an abundance of ads for $1 fares and the like, don't believe the hype. The total cost for traveling on an airplane is going up. Airlines have had such success with added fees for baggage, seating, snacks and blankets that they're not yet done imagining other things to charge you extra for.
- Coffee. The world's coffee supply is contracting, and prices are soaring. Coffee futures jumped 40% last year, and there's no end in sight for the rise. Even the smallest coffee shops are being hit by the price increases, meaning a more expensive cup of joe for you. Post continues after video.
- Music. In all the great excitement about the Beatles finally coming to iTunes, it probably escaped the notice of a lot of people that individual songs were priced at $1.29, not the typical 99 cents of the past few years. Don't think that's just because it was the Beatles. Apple starting raising prices in 2009, and you'll be seeing prices edge higher throughout 2011 on digital music-buying sites.
- Fast-food menus. This change had been coming for a while, but the fast-food chains were reluctant to up the cost of their value menus in the face of rising food prices.
- Sports tickets. Almost every major-league sport -- and a lot of minor-league ones too -- is still passing along the costs of new stadiums and extras to their fans. For the New York Yankees, for example, that means tickets are up 47% for nonpremium seats in 2011. The most expensive field-level seats are $260.
- Ammunition. You might not think of ammunition prices as something to worry about, but if you're a hunter or if you're concerned about the budget of your local police precinct or the nation's military, you might want to pay attention. Ammo prices have been going up steadily over the past several years and have risen again in 2011, all because the metals they're made of are going up in price and the conflicts in Iraq and Afghanistan are increasing demand.
- Movie tickets. Movie ticket prices go up every year, but 2011 will be a time of major increases for two key reasons: online streaming and 3-D. The popularity of streaming movies through subscription services such as Netflix has cut deeply into movie studio profits from DVD sales and from cable on-demand purchases, so they have to make up the difference somewhere. The advent of 3-D means that studios can tack on extra fees for the experience, even if viewers would rather watch a regular 2-D movie.
More on dealnews and MSN Money:
VIDEO ON MSN MONEY
I hardly care about the price of a F#$% Nintendo when 3/4 of my income will be spent so I can drive to work and back.
The more things go up the less I Buy & Spend. My income isn't increasing with inflation either, which keeps our Economy in the Shape that it's in and will more than likely get worse...... along with the GDP Manufacturing and Jobs Creation! And as long as CEO's keep sending our work off shore we'll be in this position until Global Economic Collapse!
It's called Physics !!! ...... Everything has to "Contract"
A Manufacturing / R & D Engineering Purchasing Agent: ... Out of Work!
The beat goes on and the beat goes on.
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