Next year (this year) will be lower cost.
Most of the equipment and clothing replaces 20+ year old stuff with newer, better performing replacements. Lycra/poly replacing wool, LiIon / LED replacing dry cell / incandescent, kevlar replacing cotton, expanded polystyrene and polycarbonate helmet replacing vinyl and foam 'hairnet', and so on.
If I get 20 years out of this new gear it will be a worthwhile expense.
Last week saw perfect cycle commuting weather in the North East
, but I had come down with a nasty cold
This week I'm better
, but a fresh foot of snow was dropped last night