While inflation continues to be an issue, these 6 things may just get cheaper in 2023. Yahoo Finance Sr. Producer Kelsey Barberio breaks things down.

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With inflation on the rise and the cost of living steadily increasing, it can be hard to imagine anything getting cheaper in the coming years. However, there are a few things that experts predict may actually see a decrease in price in 2023. From technological advancements to shifts in consumer behavior, here are six things that may get cheaper in the near future.

1. Electric Vehicles
As governments around the world push for more environmentally-friendly transportation options, the demand for electric vehicles (EVs) is expected to increase. With advancements in technology and manufacturing processes, the cost of producing EVs is forecasted to decrease, making them more affordable for consumers. Additionally, as the infrastructure for EVs continues to improve, the overall cost of owning and operating these vehicles is expected to go down.

2. Solar Panels
The cost of solar panels has been decreasing steadily over the past decade, and this trend is expected to continue in 2023. As the demand for solar energy grows and technology advances, the cost of producing solar panels is projected to decrease. This could make solar energy an even more attractive option for homeowners and businesses looking to reduce their carbon footprint and lower their energy costs.

3. Virtual Reality Headsets
Virtual reality (VR) technology has been steadily improving and becoming more mainstream in recent years. As more companies invest in VR technology and competition in the market increases, the prices of VR headsets are expected to go down. This could make VR more accessible to a wider audience and drive further innovation in the industry.

4. Streaming Services
With the popularity of streaming services continuing to rise, competition in the market is getting fiercer. As a result, streaming services may begin to offer more competitive pricing in order to attract and retain customers. This could lead to lower subscription fees for popular streaming platforms, making it more affordable for consumers to access their favorite TV shows and movies.

5. Renewable Energy
As governments and businesses around the world commit to reducing their carbon footprint, the demand for renewable energy sources is expected to increase. This could lead to greater investments in renewable energy technologies, driving down the cost of producing renewable energy. With advancements in wind, solar, and hydroelectric power, renewable energy sources may become more affordable and accessible to a wider range of consumers.

6. Telecommunications Services
With the rollout of 5G technology and increased competition in the telecom industry, the prices of telecommunications services may begin to decrease in 2023. As companies vie for market share and customer loyalty, they may offer more competitive pricing and value-added services to attract and retain customers. This could lead to lower prices for cell phone plans, internet services, and other telecommunications offerings.

While the cost of living may continue to rise in the coming years, there are a few things that may actually get cheaper in 2023. From electric vehicles to streaming services, these six items are projected to see a decrease in price, making them more accessible and affordable for consumers. As technology advances and consumer behavior shifts, these changes could help alleviate some of the financial pressures facing individuals and households in the years to come.