Trader Joe's Customers Are Pissed Over Banana Prices Increasing For The First Time In 20 Years [Yahoo! Finance]
Walmart Inc. (WMT)
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Source: Yahoo! Finance
Bananas have long been at the top of that list of products—that is, until now. The cost of bananas is beginning to take a hit, and to the shock of many shoppers, Trader Joe's even raised the price of its bananas for the first time in two decades. The bananas, which were previously 19 cents each, are now 23 cents each. It may not sound like much, but that's actually a 21 percent increase. “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,” a spokesperson for Trader Joe's shared with the Associated Press And surprise, surprise, inflation is once again the culprit for the rising cost of bananas. According to the AP, fertilizer, pesticide, and transportation prices have all increased due to inflation, subsequently causing the cost of farming bananas to increase. Because of these rising costs it was only a matter of time before it trickled down to co
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