Big Price Increase Coming to Illinois Dollar Tree Stores

For the last few years, we have all gotten used to paying $1.25 for items at the dollar store. This came after the first price increase between 2020 and 2021. There are also the Dollar Tree Plus items. They've added Dollar Tree Plus items at over 5,000 stores across the country to "provide customers with even greater deals. Personal I enjoy this isle. Sadly we may be seeing another price increase soon.

Recent reports have been saying that a small price jump will be happening again.

Nearly four years later, Dollar Tree may allegedly raise its prices again to $1.50. The rumor mills about this price hike have been swirling since 2024

The Possible Dollar Tree Price Increase

It may be more than just a rumor. During Dollar Tree's recent fourth-quarter earnings call, the company revealed plans for another price increase. The CEO stated:

"This year, in 3,000 stores, we expect to expand our multi-price assortment by over 300 items, with prices ranging from $1.50 to $7."

Looking ahead, it appears that Dollar Tree will raise its pricing structure, with the lowest price for items now starting at $1.50. Additionally, the upper limit on prices will increase to $7, surpassing the former $5 ceiling. This shift reflects the company’s ongoing adjustments to its pricing strategy as it expands its range of multi-priced items. Shoppers can expect a broader selection of products at varying price points, marking a significant change in the store's traditional pricing model.

Obviously, people aren't too excited about this. Others aren't too bothered since grocery prices have been rising everywhere. Some even say this won't happen at all. What do you think?