Dollar Tree prices increase to $1.25 for most items

Discount retailer Dollar Tree plans to also start selling products priced at $3 and $5 at more of its stores.

That trip to Dollar Tree is going to cost you an extra quarter.

The retailer announced it has begun rolling out a price increase to $1.25 for many of its items in stores.

In a statement released Tuesday, Dollar Tree said the decision is not “a reaction to short-term or transitory market conditions.”

“Lifting the one-dollar constraint represents a monumental step for our organization and we are enthusiastic about the opportunity to meaningfully improve our shoppers’ experience and unlock value for our stakeholders,” said Dollar Tree president and CEO Michael Witynski in a statement.

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