Saturday, January 28, 2023

Inflation doesn’t stop the sale of Christmas trees in the US

SOUTH PORTLAND, Maine ( Associated Press) – For all the worries about inflation and the economy, Americans aren’t skimping on a central element of many of their celebrations this holiday season: the Christmas tree.

Retailers from Home Depot and Lowes to mom-and-pop businesses have raised the prices of trees, but people continue to buy them.

Many Christmas tree growers were concerned about external factors – higher fuel, fertilizer and labor costs – but again found this Christmas ornament to be largely inflation-proof, even as Americans cut spending at retail stores last month Are.

The average-sized Christmas tree offered by the local Rotary club in South Portland, Maine, costs $70, $5 more than last year.

A survey of the country’s 55 largest Christmas tree wholesalers found that virtually all intend to raise their prices, with most wholesale price increases in the range of 5% to 15%, although some increase as high as 21% or more according to Real. was more than that. The Christmas Tree Board in Howell, Michigan, which conducts marketing and research for the industry.

But another poll found that, according to the organization, 85% of people believe the cost of Christmas trees is justified, despite the price hike.

This goes to show that a tree – whether natural or artificial – is a necessary part of the Christmas tradition, as are Christmas toys, cards, Christmas carols and ugly sweaters.

Ultimately, about 21 million real Christmas trees will have been sold by the time consumers finish shopping in the final days before Christmas, said Jill Sidebottom of the National Christmas Tree Association, who put those sales on par with last year’s strong performance. has gone.

Nation World News Desk
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