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Things that will cost more in 2016
Every year it seems like the cost of things like insurance or rent creeps ever higher, but regular everyday things can also become more expensive over the years. According to the Fiscal Times, there are a number of items that folks around the country should expect to have rising prices during 2016.
Taking paid surveys is a great way to make money online from home and earn extra cash to pay for anything that has gotten a little too costly. Getting paid to take surveys is easy and fast, and the surveys can be taken anywhere. Make some extra money in 2016 to pay for the items that may become more expensive.
Girl Scout cookies
CNBC reported that for the first time in almost a decade, the cost of Thin Mints, Savannah Smiles and your other favorite Girl Scout cookies will rise in the coming year. In most places, these favorite treats were sold for $4 a box, but many troops will begin to up their prices to $5. In some states, the price is already up to $5 a box, which means that the Girl Scouts make 90 cents for every box sold.
The 25 percent cost increase isn't just about making more money, though. This new price makes making change easier for the girls.
Food in general
According to the U.S. Department of Agriculture, food prices across the board could jump anywhere from 2 to 3 percent in 2016.
There are a number of things driving this trend. The El Niño effect is taking its toll on farmers around the world, and wage increases at home are making it more difficult for places like fast-food restaurants and grocery stores to keep costs down.
Americans have been enjoying unbelievably low gasoline prices over the last few months. This can be attributed to a long list of political and socioeconomic trends, but the bottom line is that gas is almost half as expensive as it was a year ago, according to U.S. Energy Information Administration.
The report stated that the cost of gas is projected to rise slightly in 2016, but largely because it is difficult to believe it can continue to roll back the clock and post record lows. By summertime the cost of a gallon of gas will likely rise by 50 cents, meaning it will still be much lower than it has been in recent years.
The cost of flying has a lot to do with the cost of gasoline, which means airfare expenses will follow a similar trend.
The Fiscal Times stated that airfare is very cheap right now, and so it will likely rise at some point in the coming year, perhaps as much as 0.5 percent in the U.S. and abroad.
Price hikes for prescription drugs were so rampant in 2015 that Fox News reported that nearly 8 percent of people stopped taking their medications. This is obviously not advisable.
Unfortunately for people around the country, drug manufacturers have little incentive or penalties for toying with the cost of prescription meds, and for that reason prices are likely to continue to rise in 2016.
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