As for the cost of living, it is going to go up here in the USA. Anyone who is living paycheck to paycheck (and plenty of those close to it) needs to be cutting back now, imo. Put money into stocking up on products now or into a liquid savings account or CD (I know, low interest, but safe.)

As it was mentioned, petroleum based products are going to go up as well...and everything in a plastic bottle will too!
Every product produced using hmmm electric will go up (cost of manufacturing effected.)

I still find it hard to believe that Americans (but not me) spent $500,000 to $2,000,000 (2 billion dollars) last year just changing their ringtones on their cellphones! That's NOT poor economy actions, imo. lol