Inflation and rising prices were the main themes for 2022.
We pay more for our morning eggs than we do for a cup of joe and have been plagued by high prices at gas stations and grocery stores.
Nationally, prices rose 7.1% in the 12 months to November, according to the US Bureau of Labor Statistics. In 2022, the Federal Reserve indicated that he had raised key interest rates seven times to curb inflation, but has yet to raise interest rates.
Looking at the crystal ball in 2023, it’s hard to predict exactly how the economy will play out. Unfortunately, experts say the new year starts with more uncertainty than usual.
Here you’ll find everything from car insurance to internet to cable to warehouse club memberships.
comcast
Comcast subscribers are paying more for cable and Internet service.
The company increased prices by 3.8% on average nationwide. Comcast has increased broadcast TV rates from $19.15 to $23.20 and regional sports rates from $15 to $17.25 as of Dec. 20, according to customer bills.
“Broadcast Television” and “Regional Sports Network” rates are itemized rates that are not government mandated rates. Both rates are based on Comcast’s cost of providing either local stations or regional sports networks. These costs include air charges on the cable system that broadcasters and sports networks charge his Comcast.
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gas fee
Just as gasoline prices fell after peaking around $5 a gallon in June, they are likely to rise after January 1st.
The reason has to do with the Pennsylvania gas tax. It is valued at the wholesale level and he was increased on January 1 thanks to Law No. 89 of 2013. This was signed into law during the Corbett Administration mandating this increase in payments for road and bridge projects.
This is an increase for wholesalers, so it doesn’t mean that the pump will automatically pass the tax on to the consumer. But that is the expected result.
The Pennsylvania Department of Transportation said the Pennsylvania gas tax will increase from just under 58 cents per gallon to more than 61 cents per gallon.
Costco member
Costco, a wholesale retailer, will raise the annual membership fee soon, but it’s unclear when exactly the price increase will take place.
Yahoo! Finance reported in his December that Costco’s chief financial officer, Richard Galanti, said during the earnings call, “The question is when and when.” Garanti did not say how much the increase would be.
According to USA Today, Galanti said Costco typically raises membership fees every five years and seven months on average. If retailers stick to that timeline, the price increases will come in January.
City drainage fee
Capital Region Water will raise wastewater fees in 2023, but make no changes to potable water fees or rainwater fees.
Capital Region Water is a municipality serving the City of Harrisburg, Pembroke, Paxton, parts of Steelton, Susquehanna, Swatara and Lower Paxton townships.
Capital Region Water’s board of directors voted on November 30 to approve the 2023 budget and fees.
The Board has approved a monthly increase in drainage fees for a typical residential area of the city of approximately $2.55.
Tolls on the Pennsylvania Turnpike have increased for 15 consecutive years. AP File Photo/Keith Srakocic
turnpike toll
It’s like a broken record. Tolls on the Pennsylvania Turnpike are rising again.
Last summer, the Pennsylvania Turnpike Commission approved a 5% toll increase in 2023 for all E-ZPass and Toll-by-Plate customers. The new tolls will go into effect across the toll highway system on January 8, 2023 at 12:01 a.m., PTC said in a press release.
This is the 15th consecutive year that the Commission has approved a roll increase. Prior to 2009, the commission said he had raised tolls only five times since 1940.
restaurant eating out
Unsurprisingly, we expect to see more spending at restaurants in 2023. The main reason is that operators are paying more for labor and food.
Nearly 73% of operators surveyed by Restaurant365, a restaurant software management company, as part of their 2022 industry customer survey, said they plan to raise prices in 2023.
The reason for this boils down to the fact that independent restaurant operators have not raised prices as aggressively as grocery stores or fast food restaurants.
energy cost
Gas and electricity bills are likely to be higher this winter as several Pennsylvania utilities are raising prices.
Most of the state’s utilities adjusted their “comparison prices” on December 1st. This fee is an average of 40% to 60% of the customer’s total utility bill. However, this percentage will vary depending on utilities and individual customer usage levels.
PP&L increased fees by 18%. UGI said his average bill for residential heating customers rose 3.1%, rising from $119.54 per month to $123.28 per month.
For the first time since 2019, Disney announced price increases for Magic Kingdom, Epcot and Hollywood Studios in December 2022. (File, AP Photo/Ted Shaffrey)APs
disney world
For those planning a trip to the Magic Kingdom, be prepared to pay extra.
Starting in December, Disney increased renewals for single-day, multi-day and annual passes for Magic Kingdom, Epcot and Disney’s Hollywood Studios for the first time since 2019. Only Animal Kingdom maintains the current price range of $109 to $159.
“Disney remains committed to providing guests with the best and most memorable Disney experiences, and we continue to do so by growing our theme parks with incredible new attractions and offerings,” Disney said in a statement in November. going.
Prices for a 1-day, 1-park ticket to EPCOT range from $114 to $179, Disney’s Hollywood Studios from $124 to $179, and Magic Kingdom from $124 to $189.
car insurance
Auto insurance premiums are expected to rise in 2023 due to higher vehicle prices and higher accident rates.
According to research by virtual insurance agency Insurify, motorists will pay an average of about $1,895 per car in 2023, up 7% from 2022 and 29.5% from 2020. This is the first time the average premium is likely to exceed $150 per month.
By the end of 2023, drivers will pay 16% more for car insurance than they did at the beginning of the year, according to the company. Factors behind the rate hike include rising driving rates, an increase in serious accidents, the impact of inflation on car repair and medical costs, and a potential increase in the frequency of wildfires and hurricanes, it said. Did.
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