Posted 3/27/2024, 11:00:00 AM
Trader Joe's Raises Banana Price for First Time in Over 20 Years Due to Rising Costs
- Trader Joe's raised banana price from 19 cents to 23 cents per banana, the first price increase in over 20 years
- Price increase due to rising costs; Trader Joe's says it only changes prices when costs change
- Inflation still impacting consumers through higher grocery prices, even as inflation falls from peak
- Trader Joe's has lowered some prices, like raw almonds, but other food prices remain high
- Full relief from high inflation expected to take years as wages catch up to prices
