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Bottle of wine are categorised ready for tasting during the 'International Wine Challenge' event at the Barbican centre in London, England. Wine is one item that should actually drop in price in 2012. Dan Kitwood/Getty Images
Mid-day Update

Mid-day Extra: Cheaper in 2012

Stacey Vanek Smith Jan 5, 2012
Bottle of wine are categorised ready for tasting during the 'International Wine Challenge' event at the Barbican centre in London, England. Wine is one item that should actually drop in price in 2012. Dan Kitwood/Getty Images

One concern economists are watching this year: the inflation rate. As the U.S. economy shows indications of slow-but-steady recovery, the worry is with a low interest rate, the prices of American goods may start to jump.

Plus it seems like we are paying more for gas and food every month. But prices aren’t going up everywhere. In fact, there are some products that will be cheaper — sometimes much cheaper — this year.

In today’s Mid-day Extra, we ask: What will be the biggest bargains of the year?

For hints on the obvious, and not so obvious, answers, we went to Louis Ramirez, senior features writer at DealNews.com.

Among the items that we can expect to drop in price this year? Wine.

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