Loadup your freezer, stock up on undies, and rethink that road trip. Priceson everything from meat to clothes to gas are on the rise.
Global wheat prices more than doubled fromJune 2010 to January 2011, the World Bank says, while corn and sugarprices rose 73%. According to walletpop.com,increased demand from newly affluent countries like China and decreasedsupply due to drought, flooding and other weather-related factors arethe reason, as is government sponsorship of ethanol, made from corn.And when corn prices take off, so does the price of meat, since that’swhat feeds most of the world’s cattle. In other words, expect to paymore at the supermarket for everything from cereal to soda to steak.
With cotton prices up 80% since lastyear, look for companies like underwear manufacturer Hanesbrands topass along an increase of 10% to the consumer, reports The Wall Street Journal. On some items, Hanes may hike prices three times before year’s end, predicts the New York Daily News.And polyester prices are also on the upswing: With the cost of oilclimbing (see below), so is the fiber made from it—between 20% and 25%,The Wall Street Journal adds.
First came rising demand from developingcountries, most notably China; now the unrest in the Middle Eastpromises to only add to the woes of America’s drivers. Some expertspredict oil prices will go as high as $100 a barrel, which couldtranslate to roughly $4 a gallon at the pump by summer in some areas ofthe country, reports the Huffington Post. And if fuel costs skyrocket, so will the price of everything shipped by truck.
4. College tuition.
Dealnews.comreports that for the 2010-11 school year, tuition continues to soarmuch faster than the rate of inflation, up almost 8% from the previousyear for public 4-year colleges and 4.5% at private colleges. And thecost will only continue to climb next year. Find out what your totaltuition bill will be at collegeboard.org.
5. Sports tickets.
Fans who have to shell out more at the ballpark can blame the huge expense of all those new ballparks, says dealnews.com.If you want to take in a game at Yankee stadium, for example, expect topay 47% more for non-premium seats in 2011 and as much as $260 forfield-level seats. Deals can be had on MLB tickets, but you need to buynow. Walletpop.comfound Yankees tickets, for instance, being sold for as low as $5 byticket-holders eager to unload them before the season begins.
And dealnews.compredicts the sticker shock won’t end there, listing everything fromstamps to chocolate to car insurance on its round-up of goods andservices that will cost more to buy in 2011. But it’s not all bad news:electronics such as Blu-ray players, Kindles and iPhones will all becheaper next year, the website says.
2011-03-16 08:45 编辑：kuaileyingyu