Americans have been long awaiting for a relief in consumer prices. Unfortunately, that may not materialize in 2025. In fact, the cost of many essential goods and services is already reaching new record highs. And according to a recent analysis released by the National Retail Federation, prices are set to jump even higher over the next few months.
Though inflation isn't nearly the problem it was a year or two ago, consumers will still have to deal with ballooning bills this year.
At the moment, the overall annual inflation rate is sitting at 2.7%, only 0.7% higher than the Federal Reserve's target of 2%. However, that doesn't mean that Americans' buying power has been restored.
Prices may not be rising as fast as they were a couple of years ago, but they're not coming back to pre-pandemic levels either.
In many categories, products will be facing much steeper price increases than they did over the past four years. And that's regardless of the incoming tariffs that can separately cause price hikes of up to 60% on everyday goods.
Today, we compiled 15 items that are about to get even more expensive over the next few months so you can start preparing right now.