Now that we’re into the second month of the new year, you may have noticed prices for some goods and services have been steadily climbing. Between rising inflation and the trade war with China, prices have been going up.
More than 100 million people subscribe to Amazon Prime. The mega-retailer’s service provides free two-day shipping as well as perks such as free streaming video and free access to some e-books. However, subscribers are paying 20 percent more now after Amazon increased its annual fee for Prime from $99 to $119 in 2018. However, Amazon is quick to remind you that when you consider all the benefits of Prime, the subscription pays for itself in price breaks.
Netflix users ended 2017 with a price bump for its basic and premium plans. Other streaming services followed suit. Sling TV, DirecTV Now and PlayStation Vue all hiked the cost of plans in 2018. Then, Netflix kicked off 2019 by announcing new price hikes, its biggest yet. The premium plan is $15.99 a month. Then days later, Hulu announced that it will raise the price of its most expensive subscription plan while lowering the price of its cheapest plan.
Whether you went to the movies or a theme park, you probably paid more for your entertainment in 2018. For instance, the average price for a movie ticket in the U.S. hit a high of more than $9 last year, according to the National Association of Theatre Owners.
Some ticket prices at Walt Disney theme parks went up by as much as $11 at the start of the year. For regular days at the Magic Kingdom at Disney World in Florida a “regular day” adult ticket is now $119 and regular days for a child are $113.
If you’re in the market for a new appliance, the price tag on many appliances increased last year as a result of tariffs. From February to May, washing machines saw a 16 percent increase in prices, the largest three-month hike ever recorded. By some estimates, the overall impact of the steel and aluminum tariffs on appliance prices ranged from 4 to 40 percent, according to industry reports.
If you need another reason to switch to electronic statements and digital records, consider that the cost of paper products has been on the rise. Last year, the price of pulp, raw material for paper and corrugated boxes, shot up a whopping 30 to 40 percent. That led to paper-product price increases of 7 to 15 percent.
What things are you paying more for now?