Dollar Tree Will Now Price Items $1.25, CEO Blames Inflation for 35-Year Hike

Dollar Tree Will Now Price Items $1.25, CEO Blames Inflation for 35-Year Hike
The Dollar Tree store in Chantilly, Va., on Jan. 2, 2015. Paul J. Richards/AFP/Getty Images
Naveen Athrappully
Updated:

Dollar Tree announced Tuesday that it will be permanently raising prices for most of its items from the namesake $1 to $1.25 citing inflationary pressures resulting in higher merchandise cost and increasing operational expenditures.

“For 35 years, Dollar Tree has managed through inflationary periods to maintain the everything-for-one-dollar philosophy that distinguished Dollar Tree and made it one of the most successful retail concepts for three decades.

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