Seven Things That Will Cost You More in 2023, Plus One Massachusetts Item You’ll Be Paying More For!
Inflation was a hard fact of life in 2022, and 2023 is looking better, but not so great.
Sure, gas prices are calming down and a computer is actually not as expensive as a it used to be, but have you seen the price of eggs?
(If not, a word of financial advice: invest in a chicken.)
Not to add salt to your wound (oh, and have you seen the price of salt? Prices for salt and other seasonings and spices are 77.97% higher in 2022 versus 1997 .)
So, we looked up price increase predictions for 2023 and you might not be happy. (Well, who is happy when you have to pay more for things you really need?)
But before we get to the bad stuff, here’s some good news! According to USA Today, the used car bubble may burst.
“Car shoppers have faced sky-high prices for more than a year in part because of high demand and tight inventory. But 2023 may finally bring some relief.
“As demand stabilizes and inventory improves, prices are expected to ease. Prices could drop up to 5% for new vehicles and 10% to 20% for used vehicles, according to a report in Novemberfrom the bank J.P. Morgan.
Consumer research firm J.D. Power projects new-car prices will fall somewhere between 2% and 10% next year, according to Tyson Jominy, vice president of data and analytics at J.D. Power.”
So that’s something to look forward to!
Anyway, here are the Seven Things That Will Cost You More in 2023, plus one Massachusetts Item You’ll Be Paying More For!