6 things you'll pay more for in 2012

Everything from airfare to cotton clothing is going to cost more this year. So book your flights and buy your jeans now or else you'll be doling out some serious cash.

Airfare
Airfare

Not only does it already cost more to fly than it did a year ago, but airfares are only going to continue to climb in 2012.

"My overall prediction is that we're going to see a 10% to 15% average increase in domestic and international airfares [this year]," said Harlan Platt, a finance professor at Northeastern University's College of Business Administration in Boston.

As major airlines struggle with year-over-year losses -- and even bankruptcy in American Airlines' case -- carriers are reducing the number of destinations they fly to and flying less frequently to popular routes. By limiting supply, prices will continue to escalate.

"The most important driver is the continued discipline of airlines to maintain the leanest fleet they can possibly run," Platt said, and "until the economy shows clear and certain signs of recovery, no airlines are bringing more planes out of mothball status."


By Jessica Dickler @CNNMoney - Last updated January 10 2012: 11:18 AM ET
Join the Conversation
Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.