Five things you'll pay more and less for in 2014

Wednesday, January 15, 2014 - 7:10pm

From the grocery store to the house for sale on your block, prices are on the move this year.

But it's not all bad news.

Here are some things you'll pay less for in 2014.

One of the most important? Gas prices.

The average price fell to $3.49 last year, the lowest in three years.

And prices are expected to keep falling.

Production is up and cars are getting more fuel-efficient.

Electric cars are also getting cheaper.

Mitsubishi already cut its prices, as more electrics enter the market.

Cell phone service might cost you less.

AT&T and T-Mobile are in a price war.

Both are offering rebates to customers who switch carriers.

Even tablets!

No, not the iPad.

That still costs up to $900.

But some new, low-cost tablets are coming to market, one less than $40 although the specs aren't nearly as impressive.

But prices are rising too…

You could pay more taxes, after dozens of tax credits expired last year.

Credits for teachers buying supplies and people making their homes more energy efficient both went away.

Also, the penalty for not having health insurance kicked in this year.

Buying a house is getting pricier.

Home prices are expected to rise five percent this year, and mortgage rates have been inching higher, partly because of the improving economy.

And bad news for people who are trying to get healthier this year: almonds, pistachios, are other nuts more expensive, thanks to rising demand and bad crops in the U.S. and Spain.


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