15 things that may cost less in 2017

From beef to diamonds to credit card fees, read on to see 15 things that will cost less in 2017.

Beef

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After spiking in 2014, an increase in production along with an oversupply of beef is putting pressure on wholesale prices, according to the United States Department of Agriculture. Retail prices are currently down 1%, and they'll likely fall further.

Generic drugs

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While the skyrocketing prices of specialty prescription drugs have gotten a lot of attention, the cost of generic drugs has quietly been falling. Between 2010 and 2015, the prices of generic drugs provided under Medicare Part D dropped by nearly 60%, according to a recent GAO report.

Some believe that President-elect Trump will lower the bar on generic drug approvals from the FDA, which could put more generic drugs on the market and lower prices further.

Cell phone data

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Now that the cell phone market in the US has reached near saturation, cell service providers are getting more competitive about attracting and keeping their customers. T-Mobile, Sprint, and AT&T all now offer some version of unlimited data, although that's only a good deal for those who use more than the allotted amount in the lower plans.

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