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17 Things That Will Be MORE Expensive in 2017

Some airlines will actually require travelers to pay a fee to file a complaint. Plus, lots of food will get pricier next year.
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More Expensive

While we love to focus on the things that will decrease in price in the coming year, we can't ignore the items that will take a toll on your wallet. And in 2017, even staying home will cost more money.

That's because rents and home prices are predicted to increase. You can also expect the usual fluctuations that will lead to higher prices at the grocery store, the airport, and the doctor's office. But there are some surprising price hikes too, including a fee that travelers will have to pay in order to complain to certain airlines. And sorry Cubs fans, but breaking the Curse of the Billy Goat with a World Series win doesn't come without a price.

Check out the full list below, and if you're feeling a little depressed, then cheer yourself up by reading the list of things that will be less expensive this year.

Groceries Overall

In 2016, prices at the supermarket overall decreased for the first time since 1967, between .25% to 1.25%. However the prices in 2017 will rise .5% to 1.5%, according to the USDA Economic Research Service Food Price Outlook. Specifically, the grocery items listed below will be more expensive in the coming year.

Coconut Products

While the popularity of coconut products like coconut water, coconut milk, and coconut oil has increased, the number of Caribbean coconut plantations has decreased by 17% since 1994 because of drought, storms, and disease, according to the U.N.'s Food and Agriculture Organization. A recent Bloomberg article noted that coconut oil prices have already increased by 50% in the past year, and a impending coconut shortage will spike the prices of your favorite coconut products even more.

Olive Oil

The U.S. gets most of its olive oil from Italy, where pests and weather decreased olive oil production this year by as much as half, and Spain, which increased olive oil production, but not enough to meet global demand. After a Greek olive oil boom in 2016, Greece also is expecting a smaller olive oil harvest because of weather conditions. The overall shortage means that olive oil prices are expected to increase this year.

Poultry

While prices for some meat are expected to drop, according to the USDA Economic Research Service Food Price Outlook, poultry prices are expected to rise 2% to 3%. We should note, however, that there's some recent scrutiny over how chicken pricing is being calculated that could affect this prediction.

Dairy Products

The USDA Economic Research Service Food Price Outlook also predicts a slight price increase in 2017 for dairy products, at about 1.5% to 2.5%.

Fresh Fruits

Expect to pay a little bit more for fresh fruits in 2017 — about 1% to 2% more, according to the USDA Economic Research Service Food Price Outlook.

Orange Juice

Due to the most recent hurricane season and a citrus greening disease, orange juice prices are expected to increase. The blights have caused a 24% drop in orange production in Florida from this time last year.

Vanilla (and Sweet Treats)

A vanilla bean shortage in Madagascar, producer of 85% of the world's vanilla, has caused prices to rise. For example, spice company McCormick raised the price of vanilla twice in 2016, with another increase set for 2017. It's not just your spice cabinet that is affected by the increase in vanilla prices — it also means higher prices for items like candies, cakes, cookies, and ice cream.

Luggage / Carry-on Fees

In recent years, many airlines have cut down on things included in the cost of a ticket — from snacks to checked bags — to keep ticket prices low and boost profits. United Airlines made headlines recently when news sources reported that it would charge for use of overhead bins.

However, that's not the full story: The restriction is only for United Airlines' new lower-fare Basic Economy seats. This fare restricts passengers, who don't get a seat assignment until check-in, and are limited to one carry-on bag that must fit under a seat.

Complaining... to Some Airlines

If your checked bag was lost, it might actually cost you to complain on some British airlines. Travelers on British Airways, easyJet, Thomson, and Thomas Cook will pay £25 ($33) to file a complaint about flight cancellations, missing luggage, and other issues. Complaints had been handled by the Civil Aviation Authority (CAA), but are now dealt with by a third party, a London-based mediation agency. The good news is that rulings will be legally binding, and if a passenger's claim is valid, the fee will be refunded. And if you'd like to write a letter of complaint, that's still free.

Cubs Tickets

Finally beating the Curse of the Billy Goat made Bill Murray and other Cubs fans happy, but season ticket holders will face a whopping 19.5% price hike in 2017. Looks like the Cubs are cashing in on success.

DirecTV

DirecTV customers who subscribe to eight of the nine packages of AT&T's satellite TV service can expect to pay $2 to $6 more per month as of January 22. Some regional sports channels also will increase by as much as $2.56 per month, depending on the market. The rate hike, which AT&T attributes to higher costs in programming, goes into effect once promotional rates expire.

Home Prices and Rents

Home prices are expected to increase by 5.2% by September 2017, according to a CoreLogic HPI (Home Price Insights) Forecast. Costs for new homes also will increase, because of record lows of new home lot availability, according to the National Association of Home Builders. Renters can expect a 3.7% increase, according to Kiplinger's inflation forecast.

College Textbooks

The price of college textbooks will increase by 5% to 7%, according to Kiplinger's inflation forecast. That's not that surprising, considering textbook prices have increased 1,041% since 1977.

Health Insurance

Those insured through the Affordable Care Act can expect increased premiums and higher deductibles in 2017, as much as a 9% overall cost increase. Costs through employer plans will increase by 4% to 6%, according to Kiplinger's inflation forecast.

Prescription Drugs

According to forecasts in the 2017 Segal Health Plan Cost Trend Survey, prescription drug costs will see a double-digit increase of 18.7% for brand-name non-specialty drugs and specialty medications.

Dining Out

The price of dining out has been steadily increasing five times faster than inflation, according to the Consumer Price Index. Restaurant price hikes are often driven by food costs. And with workers' wages increasing, Kiplinger's inflation forecast predicts that restaurant prices will continue to rise in 2017.

Readers, what do you think of these projections? Do any of these personally affect your budget? Share your thoughts in the comments below!


Contributing Writer

Josie Rubio is a Brooklyn, New York-based freelance editor and writer. She has visited five continents so far and loves to write about travel, food, nutrition, health... and pretty much everything. Follow her on Twitter at @JosieRubio.
DealNews may be compensated by companies mentioned in this article. Unless marked as a "Sponsored Deal," the opinions expressed here are those of the author and have not been reviewed or endorsed by the companies mentioned. Please note that, although prices sometimes fluctuate or expire unexpectedly, all products and deals mentioned in this feature were available at the lowest total price we could find at the time of publication (unless otherwise specified).
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6 comments
VariformZaftig
Who buys Italian olive oil?
Spain produces half of the worlds olive oil, twice the olive oil production of Italy.

Tests reveal that 60 to 90 percent of olive oils sold in American grocery stores and restaurants are Adulterated with cheap omega-6 vegetable oils.
https://www.oliveoiltimes.com/...-oil-adulteration

Independent tests at the University of California.
http://olivecenter.ucdavis.edu/...finalreduced.pdf
Quaid
They did leave out health insurance
Quaid
My thoughts before seeing article: Probably Everything
My thoughts after seeing article: Yup, Everything
RudeVader
"DirecTV customers who subscribe to eight of the nine packages of AT&T's satellite TV service can expect to pay $2 to $6 more per month as of January 22. Some regional sports channels also will increase by as much as $2.56 per month, depending on the market. The rate hike, which AT&T attributes to higher costs in programming, goes into effect once promotional rates expire. "
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Where have I seen this statement before...oh yeah, last year and the year before that..oh and the year before that etc..

The only difference is the letters "AT&T" are now included in the yearly statement. Maybe one day in the future DTV will grow a set and tell the greedy sports providers to take a hike. People complain about rising prices but can't go without their sports programming. Can't have it both ways and everyone suffers.
df_dn
RE "The restriction is only for United Airlines' new lower-fare Basic Economy seats.":
Those fares aren't going to be lower than today. Today's fares are equivalent to "Basic Economy" and anyone who wants an assigned seat or overhead storage will have to pay MORE than today's fares. They just made up a new category so they could claim to not be adding more fees. United will not be charging less than what you pay today if you don't want a seat assignment or overhead space. "lower-fare" here is a misnomer.
ski522
"That's because rents and home prices are PREDICTED to increase."

I found many news sites that stated "National home and rent price increases are expected to slow in the next two years, said a report of 51 economists and analysts released Tuesday Octobers 18th, 2016"

So which is it??

Worry about today, the future is not guaranteed and the only thing that defines experts is that they are usually don't know what they are talking about!
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