Trader Joe's raised its price of bananas from 19 cents to 23 cents each.
NEW YORK — It may not be too “appeeling,” but the price of some bananas are rising by a few cents.recently upped the price for a single banana to 23 cents, a 4-cent — or 21% — increase from the grocer's previous going rate for the fruit that had remained unchanged for over 20 years.
Still, banana prices have seen some jumps in recent years. And it's not just impacting Trader Joe's shoppers. Around the world, banana prices saw their most notable pandemic-era spikes in 2022 — with the global average price per metric ton increasing by more than $520 over the course of that year, according to the Federal Reserve Bank of St. Louis, citing International Monetary Fund numbers. Those prices drifted back down some in 2023, but still remain elevated.
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