Trader Joe's bananas get first price increase in decades
Newsy
Trader Joe's raised the price of bananas from 19 cents to 23 cents.
Despite banana prices not being as heavily impacted by inflation as other foods, Trader Joe's has increased the price of the fruit from 19 cents per banana to 23 cents.
The price hike marked the first time Trader Joe's has increased banana prices in over 20 years. How Trader Joe's sells bananas is unique. Unlike most grocery stores that sell them by the pound, Trader Joe's sells them per banana.
"We recently changed the price of a single banana to 23 cents, which still represents a tremendous everyday value for bananas. We only change our prices when our costs change, and after holding our price for bananas at 19 cents each for more than two decades, we’ve now reached a point where this change is necessary," Trader Joe's said.
The price of organic bananas will remain at 29 cents.
Trader Joe's said it has negotiated lower prices for other produce items. For instance, the chain says its green onions now are at their lowest prices in a decade.
