These things could actually be cheaper in 2017

Inflation seems to bring prices up every year, but here are a few things analysts predict will be cheaper in 2017.

Planning to propose? The price of diamonds should be taking a dive. Many people have purchased other gemstones or gone with a synthetic stone, thus diamonds will cost less due to lower demand.

Some airlines have rolled out Basic Economy Fares which could make your air travel much cheaper. These seats do come with restrictions, but for the traveler on a budget it could still mean Bon Voyage!

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4K TV's originally hit the market with price tags ranging from $4,000 to $6,000, but last year you could snap one up for a grand. Predictions report some 4K TV's will be below $1,000 in the next year.

Lower gas prices have buyers purchasing large cars and SUV's, leaving many used small and subcompact cars sitting on lots. According to Edmonds in 2016, used car prices went up 2.7% overall, but the cost of small cars has dropped 2%. That trend could likely continue.

Cell phone companies are vying for consumers and making data plans more affordable for all.

Whether it's more vegetarians or an oversupply of cows, steak lovers will love the fact that beef prices are expected to drop even further than the 1% they already have in the past year.

Looks like we can all welcome a new year with a few more bucks in our pocket!