Dollar Tree to raise prices to $1.25

After 35 years of selling goods for a buck, Dollar Tree is boosting its standard price point to US$1.25 by the end of April, the company said in a statement Tuesday. While the decision is “not a reaction to short-term or transitory market conditions,” Dollar Tree acknowledged the inflationary environment and said the price boost will help mitigate historically high costs, including freight and distribution expenses, as well as wage increases.