Think inflation is only hitting the cost of gifts this Christmas, you better think again. Christmas tree prices are soaring this holiday season, putting a damper on the festive spirit for many shoppers.
The National and the American Christmas Tree Association (ACTA) report a significant 10% increase in the average price of Christmas trees compared to last year. Shoppers can now expect to pay between $80 and $100 for a real tree.
But it’s not just real trees that are hitting consumers’ wallets hard; artificial Christmas trees are also becoming increasingly expensive, ranging from $85 to a staggering $1,000 or more.
Jami Warner, the executive director of the American Christmas Tree Association, sheds light on the artificial tree market.
“According to our 2023 survey,” Warner states, “52% of artificial Christmas tree owners purchased their tree for under $200, and 27% paid $200 to $400. Costs for artificial Christmas trees vary based on factors such as the producer, retailer, size, shape, and features like pre-lit options.”
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The price surge coincides with the release of a recent ACTA poll that found 78% of consumers expressing concern over inflation. Despite these economic worries, a whopping 94% of consumers intend to display at least one Christmas tree in their homes this holiday season. Of those, 77% opt for artificial trees.
Warner advises shoppers to plan ahead and avoid the holiday rush. “We always recommend that consumers shop early to get ahead of the holiday rush and find the décor, type, and style of Christmas tree that best fits their needs,” Warner advises.
“This year, we’re seeing many consumers—especially those concerned about inflation—purchasing their décor well before the typical shopping seasons of November and December,” he said.
Bidenomics has certainly not helped consumers this Christmas. While people seem to still be willing to spend money on trees and gifts, one can only imagine how it will impact consumer’s savings account and credit card debt.
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