10 things that will be more expensive in 2022 (and what you can do about it)
Between inflation and ongoing supply chain issues, prices are rising on consumer goods nearly across the board.
"I really don't think there's any way to escape," said Julie Ramhold, a consumer analyst with DealNews.com.Here's a list of some of the major items that will cost more in the year ahead, and what you can do about it now.For some, buying a house has been one of the pandemic's greatest challenges, even as mortgage rates hit record lows.
as home prices continue to appreciate two-to three-times faster than a year ago — across all cities, according to CoreLogic Deputy Chief Economist Selma Hepp. "An expected increase in mortgage rates next year will present further challenges," she added.Higher rates could help dampen demand for homes, at least a little, which may result in less dramatic home price growth and fewer bidding wars, eventually making it easier for some homebuyers to get in the door.
It'll be hard to avoid getting gouged on groceries. Watch for weekly sales and stock up when you can, Ramhold advised. And while clipping coupons may seen outdated, many stores have digital deals or membership discounts that will save you money.Americans are finally ready to say goodbye to their sweatpants but this isn't going to be the best time to shop.
, according to a report on the Business of Fashion by McKinsey — and 15% of fashion executives expect to increase prices by 10% or more in 2022.
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