Christmas Tree Shortages Impact Local Suppliers and Drive Up Demand

Despite inflation and rising costs, farms are assuring consumers that there will be an adequate supply of Christmas trees this year. While some farms plan to increase their wholesale prices, the increase is expected to be significantly less than last year. The starting wholesale price is expected to be more controlled due to a good supply of trees. However, it is uncertain if retail prices will be lower this year, as retailers have the freedom to decide whether to pass on any wholesale price savings to customers. Last year, the median retail price of a Christmas tree was $80, up from $70 the previous year, driven by inflation. Farms are also absorbing some of the cost increases to provide customers with an affordable Christmas experience.