Posted on 01/24/2025 7:25:15 PM PST by SeekAndFind
Inflation isn't nearly the problem it was a year or two ago, but consumers will still have to brace for some ballooning bills this year.
The overall annual inflation rate sits at 2.7% as of the most recent consumer price index (CPI) report. That's only slightly higher than the long-term target of 2%. However, if you're buying plane tickets, home insurance or certain grocery items, you could be facing much steeper price increases.
Prices on those goods and services are likely to climb regardless of what the incoming Trump administration does with regards to tariffs, which forecasts predict could separately cause price hikes on everything from automobiles to kitchen appliances.
Here are seven things that are getting more expensive in 2025 — even if there aren't major changes to trade policy:
Do you run on coffee? If so, we've got bad news: Prices surged in November and December following drought conditions in Brazil, the largest exporter of coffee. Futures prices for Arabica beans, which are grown in Central and South America, reached a record high last month.
The recent drought, which was followed by heavy rain in the affected region of Brazil, is the latest in a line of climate issues that have led to higher prices, along with increased global demand.
The cost of eggs has increased more than any other item in the past year — jumping an eye-popping 37.5%, according to CPI data. In California, the average price of a carton of eggs increased to $9 in December, with the worsening bird flu outbreak largely to blame.
Anyone who's gone to the egg section in a grocery story recently can see the problem is ongoing, and an additional double-digit increase in egg prices could come in 2025, according to the U.S. Department of Agriculture.
Prices won't steady until supply is fixed, but officials say production likely won't recover until the second half of the year.
Beef prices soared to record highs in the fall and remain just below those levels, according to U.S. Bureau of Labor Statistics data. Cattle prices have increased due to lower supply: In fact, inventory hasn't been this low in decades.
The USDA's food price outlook forecasts inflation of 3.8% in 2025 for the beef and veal index. According to the department's outlook, cattle prices will continue rising in 2025 because of low production.
Grocery shoppers are also seeing rising prices for pork items, according to CPI data. Ham prices increased 3.9% from October to November while pork chop prices went up 3.6%.
Airline ticket prices are difficult to forecast due to volatile factors like the cost of fuel, but some experts think more expensive fares are coming in 2025.
Fight deal site Going.com projects "somewhat higher fares a year from now" citing "airlines slowing flight capacity and budget airlines struggling." The American Express Global Travel Group forecasts a 2.8% increase in prices for economy flights within North America, mentioning "ongoing labor disputes and pilot shortages" in a November report.
Rolex raised its suggested prices by an average of nearly 5% for 2025 and some Rolex watches, like the Daytona in yellow gold, had price increases of up to 14%.
It's not just Rolex: Watch prices have risen across the board in the past year, with the CPI showing a 7.4% increase from November 2023 to November 2024. Record-high gold prices are one of the reasons consumers are seeing more expensive retail prices.
The used luxury watch market, however, has gone the opposite direction, with one index showing that prices are down 5.6% in the past year.
Prices for some major streaming services will increase in 2025. One example: The base cost for YouTubeTV's digital TV streaming will go up from $72.99 per month to $82.99 per month on Jan. 15. Wall Street analysts are also predicting a possible Netflix price increase later this year.
The cost of home insurance will likely increase again in 2025, but there is a silver lining: Premiums aren't expected to rise as much as they did the past two years, according to Matic, an insurance firm. The average cost of a new policy is $1,861, up from $1,469 in the first half of 2023.
Note to self: Stick with Timex.
“Rolex watches”
LOL
Typical disconnected from real life prognostication. Watches won’t go up if no one buys them. Streaming won’t go up if nobody signs up. Eggs will go down as soon as they find out who is planting the diseases in the supply. 2.7% increase....try 12%...
It's mostly crap unless you're watching old stuff.
But why pay for it if you can stream all of that for free (and you can do that legally!)
Just when I had 2025 Christmas list all done!
People are planting diseases in chickens, on purpose?
Loved that one also😂
Got my first homeowners bill of 2025. It’s gone up $120
DVDs are a buck and change at
Goodwill,yard sales and Such.
I’m trying to ware out my
Star Trek TOS.
.
My homeowners insurance is through a company which has a fairly limited area of operation: District of Columbia
Illinois
Indiana
Kentucky
Maryland
North Carolina
Ohio
Pennsylvania
Tennessee
Virginia
West Virginia
Wisconsin
No hurricane ally states. No wildfire dates.
I received a notice that the monthly premium will be LOWERED by about a dollar and change.
What company? We might be moving some day to Tennessee.
Eire Insurance.
Great company. Price lock on auto rates so long as you don’t move, add drivers, or change vehicles.
A pound bag of Peets French Roast is 14 bucks at Fred Meyer.
Eire. Is that the correct spelling? I searched and only got Erie.
Thanks.
We have our own chickens and our beef comes in bulk from a local rancher - price locked in the previous August.
Rest of the list we can do without (although my sparse stock of 50 lbs of coffee beans is concerning).
Erie here as well.
All good - 20 years home and auto
Peets at Costco is like 16.99 for 2lb.
The bag size is down from 2.5 lb. So a 20% increase. When on sale it usually goes for around 12.99 per bag.
Thus far the Costco Starbucks offering of Cafe Verona and French Roast are still 2.5 lb...will see what the sale prices for those are in the coming months.
My biggest concern is for my Italian coffees..I do not know what will happen with Lavazza. There have already been increases in Kimbro and some Bialetti blends [really good for the moka pot!]
The only watches I see anybody wearing anymore are Fitbits/applewatches, etc.
Watches have gone the way of the Fedora. Neckties are almost extinct as well in the real world.
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