2014 Price Predictions: What's Going Up and Where You Can Save - WSPA.com

2014 Price Predictions: What's Going Up and Where You Can Save

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2014 Price Predictions 2014 Price Predictions

We may not have a crystal ball, but some savvy economists are making price predictions for 2014 that could impact your wallet.

Whether it's tweaking your grocery list, or putting your house on the market, knowing what is expected to spike and what will actually drop can help your budget.

As you plan your 2014 budget, keep these price predictions in mind starting with groceries.

Staples like bread and cereal are slated to jump almost 5 percent because of wheat prices. Meet could soar up to 6 percent. And even dessert may suffer, a cocoa shortage means chocolate could soar as much as 26 percent this year.

"I won't be eating as much chocolate," said C.H. Cash in Spartanburg.

In the clothing department you can snag the best deals ever on winter coats this month... But anything cotton is predicted to rise by as much as 8 percent because of bad crops.

Watching TV on satellite or cable is slated to jump by $5 a month.

"That's a lot of money every month, so yeah, the cable will be the first to go, that's not a necessity," said Ursula Gibbs in Spartanburg.

It's a good year to sell your home. Prices are slated to rise thanks to an improving economy and low interest rates.

Same goes for new cars which means buyers may not have the upper hand.

But at least drivers can save on gas. The U.S. Energy Information Administration says the price at the pump is expected to drop by 7 cents from last year's average.

Missed the doorbuster sales on TVs? Not to worry. Many will be less expensive this month. That's because new models are released putting the old ones on discount. Plus you've got the big super bowl sales.

Finally, if you're itching for a vacation  you'll find 50% off deals on Caribbean cruises this month.  What's even better, experts say more routes and new ships have been added so the prices are expected to remain competitive for much of the year.

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