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78% Are Concerned About Inflation This Christmas

via 10 Tampa Bay

The cost of Christmas trees has surged by 10% from 2022, with the average tree now costing consumers between $80 and $100.

The increased production cost is the main reason for the surging prices.

“According to our 2023 survey, 52 percent of artificial Christmas tree owners purchased their tree for under $200, and 27 percent paid $200 to $400,” said Jami Warner, executive director of the American Christmas Tree Association. (Trending: SNL Legend Unleashes On Democrats)

“For artificial Christmas trees, costs vary depending on the producer, retailer, size, shape, and features such as pre-lit options.”

“We are encouraged to see that consumer demand for all types of Christmas trees remains high in 2023,” Warner said.

“Artificial, live, small, tall, flocked, you name it – there’s no such thing as a bad Christmas tree, and there is no better way to bring cheer to the Christmas season than by celebrating with a Christmas tree.”

“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,” she added.

“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.”

Despite concerns about inflation, 94% of consumers still intend to buy and display at least one Christmas tree in their homes, with 77% opting for an artificial tree.

“When Biden took office, inflation was below the Federal Reserve’s 2% target, with prices rising a mere 1.4% over the prior 12 months,” the Heritage Foundation noted.

“After a year and a half of Biden’s runaway government spending and borrowing, prices were rising almost that fast in a single month, with annual inflation reaching 9.1%—6.5 times the rate Biden inherited.”

Inflation is currently at a 40-year high and shows little sign of abating, with annual inflation reaching 9.1%.

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