Trader Joe’s just increased the price of a banana for the first time in more than 20 years | CNN Business

New York CNN  — 

Food prices have gone a bit bananas — and that includes a famously priced 19-cent fruit at Trader Joe’s.

The snack-heavy grocer told CNN on Monday that it recently increased the price of the banana to 23 cents, a more than 20% 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 Trader Joe’s spokesperson said to CNN.

Stores have carved out loyal fanbases

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