You might want to start saving your pennies if you’re planning to purchase a new artificial Christmas tree this year.
The cost of the fake trees is set to jump up to 66% thanks to ongoing global supply issues and a shipping container shortage.
Balsam Hill, an artificial tree company based in California, is selling its four-and-a-half-foot tall Grand Canyon Cedar Tree for $499 this year, which is $199 more than it cost in 2020.
Meanwhile, Treetime, an Illinois-based company, says the cost of shipping has jumped by 500%, and it’s aiming to raise the prices of its trees by no more than 20%. Balsam Hill says due to issues with the global supply chain, tree inventory is down by 22%, with stock of other decorations down by 42%.