5 Things Set to Rise in Price in 2025

Understanding the Impact of Tariffs on Everyday Household Items

The recent changes in tariff policies have sparked concerns among American consumers, particularly regarding the cost of imported household appliances. According to the Commerce Department, President Trump’s expanded tariffs will affect items like washing machines, refrigerators, and stoves starting June 23. This is one of the first times that everyday products have been targeted, potentially leading to higher prices for average households.

In addition to these tariffs, the administration has increased the tariffs on foreign steel and aluminum to 50% from 25%, with an existing baseline 10% tariff on most imported goods. Furthermore, a 25% tariff on foreign-made cars and auto parts adds to the growing list of potential price hikes. Experts predict that certain products and services may see significant increases this year, regardless of any future actions from the administration.

Here are five areas where you might experience rising costs:

1. Homeowners Insurance

Homeowners insurance premiums have seen double-digit increases over the past two years. In 2024, they rose by 10.4%, following a 12.7% increase the previous year. If you're concerned about affording your policy, it's wise to shop around for rates when your plan is due for renewal.

OfficialHomeInsurance.com allows you to compare competitive rates from top providers in just under two minutes. This platform helps homeowners save an average of $482 on their policies through side-by-side comparisons. Additionally, car insurance rates also saw an average increase of 16.5% in 2024. Shopping around and bundling your auto and homeowners' insurance can lead to substantial savings.

OfficialCarInsurance.com lets you compare quotes from trusted brands like Progressive, Allstate, and GEICO. The matching system takes into account your location, vehicle details, and driving history to find the lowest rate possible. You can find deals starting at just $29 per month and switch over your policy in just a few minutes.

If you have a pet, consider getting pet insurance to avoid expensive vet bills. With only 2% of pets insured across the U.S., pet owners typically spend up to $186 on average for a routine veterinary checkup, and anywhere between $374 and $1,285 for an emergency visit. BestMoney allows you to compare pet insurance policies offered by reputable providers like Spot Pet Insurance, ASPCA, and Pet Best. You can compare coverage benefits, deductibles, geographical availability, and reviews—all in their online marketplace. Find offers starting at just $10 per month.

2. Eggs

Eggs are a staple in many households, but prices are expected to rise in 2025 due to avian flu and Trump’s tariffs. The consumer price index reported that the price of a dozen large eggs reached $4.95 nationwide in January, up from $4.15 in December. Buying in bulk or checking local farms for lower prices could be beneficial.

To make the most of your everyday shopping, consider automatically investing your spare change with Acorns. The app rounds up your purchases and invests the difference into a diversified portfolio. For example, when you spend $5.40 on eggs, Acorns will automatically invest the 60-cent difference. These small amounts add up over time, helping you build savings for potential future expenses.

3. Coffee

Coffee prices have surged more than 80% in 2024, surpassing a record set in 1977. Concerns about a weak 2025 harvest in Brazil and Trump’s tariff threats to Mexico could lead to similar trends this year. To manage your budget, consider comparing multiple online banks offering high-yield savings accounts with 4% or more in annual interest. Many options now offer $0 monthly fees and don’t require a minimum balance to earn their high APY.

For instance, you can open a high-yield checking and savings account with SoFi and earn up to 3.80% APY. Plus, SoFi charges no account, monthly, or overdraft fees. You can get up to $300 when you sign up with SoFi and set up a direct deposit.

4. Streaming Services

The cost of streaming services is increasing in 2025. YouTube TV raised its monthly rate to $82.99 from $72.99 in January, and Netflix followed suit with price increases across all plans. Most budgeting experts recommend an annual content audit to ensure you’re not paying for platforms you rarely use. Monarch Money’s expense tracking system simplifies the process, giving you a clear view of where you're overspending.

Whether you're looking to save, invest, or control your spending, Monarch Money offers the tools to help you succeed. For a limited time, you can get 50% off your first year with the code NEWYEAR2025.

5. Travel

Travel costs are expected to rise in 2025, with domestic flights facing the biggest hikes. Some travel destinations are introducing additional fees, such as Electronic Travel Authorizations. To save on travel, aim to book your vacation during off-peak times. February was found to be the cheapest month to travel in 2024.

Using a credit card that offers the most travel rewards and cash back can also help. CardRatings.com simplifies the process of finding the right credit card. Their CardFinder tool matches you with the best offers from top providers, based on your preferences and credit profile. You can instantly compare and choose from a curated list of cards, complete with overviews of rewards, fees, and benefits. CardRatings.com will help you find the perfect match and recommend a travel reward card that maximizes savings and benefits—tailored to you.