"Trader Joe's Raises Banana Price for First Time in Over 20 Years Amid Supply Chain Challenges"

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Source: Yahoo Finance
"Trader Joe's Raises Banana Price for First Time in Over 20 Years Amid Supply Chain Challenges"
Photo: Yahoo Finance
TL;DR Summary

Trader Joe's has raised the price of its famously priced 19-cent banana to 23 cents, marking the first increase in over 20 years. The decision was attributed to cost changes, and the store has been able to lower prices for other produce items. Despite this increase, bananas have remained affordable overall in the US, with demand driven by their affordability. Experts have warned that climate change could potentially drive up banana prices in the future.

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