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Why Trader Joe’s raised banana prices for the first time in decades

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FILE – The Trader Joe’s logo hangs on a mural, Aug. 13, 2019, in Cambridge, Mass. Trader Joe’s recently upped the price to 23 cents for a single banana, marking a 4-cent increase from the grocer’s previous going rate for the fruit that remained unchanged for over 20 years. (AP Photo/Charles Krupa, File)

"After holding our price for bananas at 19¢ each for more than two decades, we’ve now reached a point where this change is necessary,” a spokesperson for the chain said.


Originally published at Associated Press
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