Social Security payments will rise by 2 percent next year, which means the cost of living, as measured by the Department of Labor’s Consumer Price Index, is also increasing. But it’s not all bad news for budget-conscious consumers. While certain items will cost more in 2018, inflation may be lower than historical averages and financial experts and economists say some goods and services could actually cost less in the coming year.
[See: How to Become a Super Saver.]
Here’s a look at three areas that are expected to cost more in 2018.
However, not everything is going to cost more. Experts say prices may soften in these areas:
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What Will Cost More — and Less — in 2018 originally appeared on usnews.com
