Trader Joe's Raises Price On Popular Products for First Time in 20 Years

Retailers like Trader Joe's are adjusting their iconic price points, such as selling bananas for 23 cents each, a 20% increase from their previous price held for over 20 years.

This change reflects rising costs in labor, transport, and commodities. Some businesses are scrapping traditional price points like $1 products at dollar stores and dollar slices at NY pizzerias.

Despite slight variations in banana prices over the past two years, retailers continue to use bananas as a loss leader product to attract customers and drive sales of other items.

LISTEN TO THE MORNING BREEZE ON DEMAND HERE: