We’re all familiar with all the items that are costing us more this year, from steak to milk to disinfecting wipes, if you can find any.
But it turns out the pandemic is driving some prices lower.
A few weeks back, we spoke with barbecue truck owner Tyrique Ramsey, who is struggling with the soaring price of beef and pork.
“It’s almost like double or triple,” he said.
While beef prices are now easing from their 11% jump, grocery prices are up 3% this year, according to the government.
But a report in Rather-be-Shopping.com lists some things cheaper in 2020.
Clothing: With 60% discounts now common on clothes for work or social gatherings, since those items are not selling.
New cars: Hyundai and Kia are offering zero-percent financing on some vehicles, while others are offering big cashback bonuses.
Mortgages: Near an all-time low of 3% on a 30-year fixed.
Gasoline: It’s up a bit now, but still well below its 5-year average price.
Travel: $400 hotel rooms in New York, Chicago and other big cities are now going for $100 a night in some cases. Hotels and rental cars everywhere are cheaper this year.
But from the “doesn’t that stink” file, one thing rising in price: used cars.
The average used car is now $21,000 according to USA Today, up $700 this summer.
The reason: short supply and high demand for cheap used cars now.
Want a deal? Buy a sedan, not an SUV, as prices are dirt cheap on unloved 4-door sedans.
But in the end, the good news is that not everything is costing more this pandemic year, which is welcome to hear if cash is tight, so you don’t waste your money.
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