For all the worries about inflation and the economy, Americans aren’t scrimping on a centerpiece of many celebrations this holiday season: the Christmas tree.
Retailers from Home Depot and Lowes to mom and pop operations raised their prices on trees — but people are still buying them.
Some Christmas tree growers fretted over external factors — high fuel, fertilizer and labor costs — only to rediscover that holiday greenery is largely inflation-proof, even as Americans cut back on retail spending last month.
A survey of 55 of the nation’s largest Christmas tree wholesalers indicated virtually all of them intended to raise prices, with most wholesale cost increases in the 5% to 15% range.
But another survey indicated 85% of people feel Christmas trees are worth it despite price increases, the board said.
That suggests a tree — whether real or artificial — remains a requisite part of the holiday tradition, along with Christmas toys, cards and carols, and ugly sweaters.
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