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$1.25 Dollar Tree Hike Price

Changes in place by early 2022, company says

In this Feb. 25, 2021, photo, Dollar Tree store logos stating everything in the store is for $1 are promoted on its storefront in Jackson, Miss. Dollar Tree, the national chain of stores that promises everything from a dollar, will begin introducing items to its shelves that will exceed $1. The company said Wednesday (September 29) that it was responding to customer requests and said pushing back the $1 barrier would allow for a better product mix. (AP Photo/Rogelio V. Solis) (Rogelio V. Solis, Copyright 2021. The Associated Press. All rights reserved)

It is known for its price of $1 for all products, but not anymore.

Bargain chain Dollar Tree is raising prices for the first time in three decades, and surprisingly, it’s not due to inflation.

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In early 2022, items will cost $1.25.

Dollar Tree says the price hike will give them more flexibility to bring back customer favorites and also introduce new items. The company also says the increase will contribute to transportation and distribution costs as well as wage increases.

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Dollar Tree has been selling products for a dollar for 35 years.

It was the last of the major dollar store chains to sell everything for $1.