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> We only change our prices when our costs change, and after holding our price for bananas at 19 cents each for more than two decades, we’ve now reached a point
by lupire 3y ago
> We only change our prices when our costs change, and after holding our price for bananas at 19 cents each for more than two decades, we’ve now reached a point where this change is necessary,
This seems unlikely. 19c is an extremely suspicious price, and costs exactly counterbalancing inflation for 20years, and then jumping 20% in one year is even more suspicious.
- bryanlarsen 3y agoLooks like the jump happened in 2022: https://ycharts.com/indicators/central_america_and_ecuador_banana_spot_price https://ycharts.com/indicators/central_america_and_ecuador_b...
- srameshc 3y agoIn fact, trader joe's was selling bananas at almost the same price as everyone else. Costco already was selling at a higher price. I noticed that at $0.59 per pound price which is usually the price at walmart or other places, it works almost to trader joe's $0.19 per banana. I am seeing the prices are going up everywhere, even my friendly neighborhood grocery store.