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10 Things You'll Be Paying More for This Year
One step forward, one step back. That's the story of the American consumer as the U.S. economy digs itself out of its most recent recession.
Economic analysts who feared that an improving economy and aggressive monetary policy would likely lead to inflation may be proven right. With costs of commodities such as oil and wheat jumping in recent months, many consumer-goods suppliers, food-service companies and other entities are saying price hikes will be necessary to offset the increased costs of raw material
And this week, the U.S. Labor Department said February consumer prices increased 2.1% from a year earlier, the largest such jump since April 2010.
Such inflation takes the buzz out of an improving job market that was expected to help out the average family. Earlier this month, the U.S. Labor Department said the economy added 192,000 jobs in February, while the nation's unemployment rate was 8.9%, down slightly from 9.0% in January and down from 9.7% in February 2010.
So now that the typical family will have a few extra dollars to spend, here are 10 products that are going to eat up more of that cash:
10 Products That Will Get More Expensive This Year - DailyFinance
See full article from DailyFinance: 10 Products That Will Get More Expensive This Year - DailyFinance
One step forward, one step back. That's the story of the American consumer as the U.S. economy digs itself out of its most recent recession.
Economic analysts who feared that an improving economy and aggressive monetary policy would likely lead to inflation may be proven right. With costs of commodities such as oil and wheat jumping in recent months, many consumer-goods suppliers, food-service companies and other entities are saying price hikes will be necessary to offset the increased costs of raw material
And this week, the U.S. Labor Department said February consumer prices increased 2.1% from a year earlier, the largest such jump since April 2010.
Such inflation takes the buzz out of an improving job market that was expected to help out the average family. Earlier this month, the U.S. Labor Department said the economy added 192,000 jobs in February, while the nation's unemployment rate was 8.9%, down slightly from 9.0% in January and down from 9.7% in February 2010.
So now that the typical family will have a few extra dollars to spend, here are 10 products that are going to eat up more of that cash:
10 Products That Will Get More Expensive This Year - DailyFinance
See full article from DailyFinance: 10 Products That Will Get More Expensive This Year - DailyFinance
