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Trader Joe’s is doing something it hasn’t done in more than 20 years: raising the prices of bananas.
The grocery store company said the price of one banana is $0.23 instead of $0.19. Company officials said prices change only when costs change.
The $0.19 banana became a popular deal, even making it on the store’s customer choice awards winners’ list.
Industry experts said the price of the fruit could continue to rise due to climate change.
“At the same time, we have been able to negotiate costs for a number of our products, and have lowered our retail prices accordingly,” the company said in a statement to FOX TV Stations. “A few examples: Raw Almonds are now $3.99 a pound, down a dollar; Romaine Hearts are now $2.99, down 50¢; Organic Tri-Color Bell Peppers are $4.49, a reduction of 50¢; and Green Onions are now 99¢, our lowest price in …