FOUR CONSUMER PRODUCTS WITH RISING PRICES

Dated: 01/02/2018

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Here are five common products, services, and costs that are expected to see a rise in price this year.

1. Nuts: With a poor recent crop and rising demand, this popular snack food is getting more costly. Wholesale nut and seed prices rose 9 percent in 2016, and the increase doesn’t appear to be slowing down.

2. Mail: The cost of a stamp is now costs $0.49 to send a letter. Part of the increase is to help the postal service recoup losses from recent years.

3. Rent: Research suggests rent will rise 3.1 percent in 2018, with the Bay Area and the Pacific Northwest seeing the largest increases. In 2016 the average rental was $1,107.

4. Chocolate: Demand is high (of course), and bad-weather in cocoa-producing countries has led to an increase in price. Cocoa production in this year is expected to be even less than it was the previous year, when it fell 3.7 percent.

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John Thomas

Hi, I'm John Thomas, and I am a full-time/full-service Realtor® at eXp Realty in Atlanta Georgia. I was born in Chicago, grew up in Elmhurst. I attended York High School and Loras College. I have a B....

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