Prices go up. They always do. But it's an especially rough time if you're in the market for turkey, tuition, or Trans-Ams. Do you know why?
1: Topping the list is Turkey:
The price of wholesale, frozen Turkey reached an all-time high last week of $1.09 per pound, well above previous records. The new peak, ... is due both to record low demand and record high feed prices ...grocers will likely take a significant hit in sales margins.
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2: Cotton—four times more than it was in 2008, caused by export shortages in China.
3: Used Cars—can you believe the average price of a used vehicle is now $15,870?
4: Gold—gold has always been used as a back up bet in uncertain times. The price has tripled in five years.
5: Tuition—Not only is the cost of tuition going up, but it's going up faster than ever.
For the full list, and a more detailed explanation of the causes, see 24/7 Wall Street.