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Blame the Financial Crisis for More Expensive Christmas Trees

Christmas trees grow in Blacklick, Ohio.
Photographer: Maddie McGarvey/Bloomberg

Consumers in the market for a Christmas tree can expect to pay more this year, as a shortage of Christmas trees has led to higher prices, thanks in part to the lingering effects of the 2008 financial crisis.

The average price per tree reached $78 last year, compared to $37 in 2008, RBC analyst Paul Quinn wrote in a note.