Wednesday, January 15, 2014

P1 What's new for the New Year?

According to CNN, there are five things consumers will pay less for in the upcoming new year. Gold will continue to decrease in price, based on an increasingly strengthened economy. But even if the price of gold decreases, gold jewelry will not necessarily change in price. Gas is another commodity that will decrease. Avery Ash, a AAA spokesman, told CNNMoney at the end of 2013: "Our hope is that prices will continue to fall as cars grow increasingly fuel-efficient and refineries expand production to take advantage of the recent boom in North American crude oil." Electric cars will actually decrease in price since the cost of production decreases. The price of cellphone service will also decrease, which is good news for desperate customers. Cellphone service carriers are in competition to gain more customers. Tablets are also becoming less expensive since there are so many different models out there. In comparison, items used daily are becoming more expensive in the new year. Nuts are just an example of one of the items that are increasing in price. Nuts are in huge demand right now, and the poor crop conditions aren't allowing enough of them to be produced. Mailing a letter or package is also going to get more expensive. It will increase from 46 cents to 49 cents. Houses are expected to increase 5 percent this year, which will be a shock for people in the market. Houses aren't the only thing increasing, rent will also be going up this year due to a slowly increasing economy. Honey will be going up yet again, due to a bee disorder epidemic. Chocolate are going to increase in price this year as well, due to growing demand in emerging markets and bad weather in major cocoa producing countries. If satellite TV wasn't expensive as it is, it will be getting more pricey in the new year. It doesn't always pay to be green, either. Public transportation will be increasing as well.

No comments:

Post a Comment