Trader Joe's increased the price of its bananas for the first time in over two decades saying the company reached a 'point where this change was necessary.'
For the first time in decades, Trader Joe's has increased the price of its bananas, underscoring how economic pressures are still impacting consumer finances. The grocer, which kept the cost of bananas at 19 cents each for more than two decades, raised the price to 23 cents, a 20% increase. Trader Joe's told FOX Business it still "represents a tremendous everyday value.
RISING CHILD CARE PRICES STARTING TO BITE US FAMILIES The Labor Department reported that inflation rose more than expected in January thanks to a jump in grocery and housing costs. The consumer price index, a broad measure of the price of everyday goods including gasoline, groceries and rent, rose 0.3% in January from the previous month. Prices climbed 3.1% from the same time last year. GET FOX BUSINESS ON THE GO BY CLICKING HERE While Inflation has fallen considerably from a peak of 9.
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