Trader Joes raises banana prices for first time in 20 years WSB-TV Channel 2 [Video]

Trader Joe’s has sold bananas for only 19 cents each for two decades. But that bargain price is no more.

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The grocery store has raised the price to 23 cents each, for the first time in more than 20 years.

The company told CNN, “We only change our prices when our costs change, and 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.”

It is a 20% increase, but the company said that it still “represents a tremendous everyday value,” Fox Business reported.

The average price for bananas has remained about the same, at between 62 and 64 cents a point from February 2023 to February 2024, according to the Bureau of Labor Statistics.

But CBS Newsreported that the World Banana Forum warned earlier this month that climate change and rising temperatures can make the cost go …