User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


63° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

What You'll Pay More For In 2012

January 11, 2012, 9:50 PM by Angela Kennecke

What You'll Pay More For In 2012
SIOUX FALLS, SD - From food to utilities, you can expect to pay more for many necessities this coming year. 

Here's what you'll cost you more in 2012:

FOOD
It seems like rising food prices are a constant and that's no different for 2012. The USDA forecasts food prices to increase about 3 percent overall this year; with beef prices going up the most. You can blame it on the drought in Texas and Kansas for reducing herds. Some cuts of beef are up as much as 20 percent wholesale already. And if you think milk couldn't go any higher---at about $4 a gallon on average, it could. Milk is expected to be more expensive this year.

TRAVEL
Booking a vacation? Expect to pay more. American Express says both airfare and hotel rates will increase in 2012. According to the credit card company, airplane tickets could rise as much as 7 percent and hotel costs will rise between 1.5 percent and 6.5 percent.

COLLEGE EDUCATION
The price of a college education is also rising as usual. This year to make up for budget cuts, the South Dakota Board of Regents raise tuition and fees by nearly 7 percent. South Dakota now ranks fourth-highest in the region for tuition and mandatory fees.

UTILITIES
It will cost you more to flip on the lights at home, run your air conditioner or furnace. Several energy companies that operate in South Dakota are raising rates, Xcel Energy has raised rates just this month by 12 percent in South Dakota but that's temporary. The Public Utilities Commission is still working with company with what the permanent increase will be. And Northwestern Energy raised natural gas rates by 3.3 percent.

HOME OWNERS INSURANCE POLICIES
And your home owners insurance may also be rising. In South Dakota about a fourth of the insurance companies that offer home owners are raising rates by on average by nearly 8 percent. Not everything is going up--- some electronics should be dropping in price, like tablets and 3D HDTVs are also going down.
And if you're a wine connoisseur you're in luck. Competition in the wine market means prices will actually fall in the coming year.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story
New Mortgage Rules

7/16/2014 10:10 PM

This year, new mortgage rules went into effect to protect homeowners who are struggling. Potential buyers are also required to get education before en...

Full Story | Watch
First Frozen Yogurt Truck For Franchise In SD

7/17/2014 3:32 PM

People who attend JazzFest can cool down with frozen yogurt from the first Orange Leaf food truck in the nation

Full Story
Millennials Prefer Cash

7/21/2014 11:40 AM

Americans would rather put their money in the bank than make long-term investments in stocks

Full Story


Events