Cropped shot of hand carrying shopping basket while choosing vegetables at supermarket
Some retailers price bananas low, hoping that the prices will lure shoppers into stores.
  • Trader Joe's has raised the price of its bananas from 19 cents after more than 20 years.
  • Its bananas now cost 23 cents each — an increase of 21%.
  • Some businesses have been scrapping iconic price points, like $1 products at dollar stores and dollar slices at NY pizzerias.

Trader Joe's has ditched its 19-cent bananas.

The retailer is now selling bananas for 23 cents each, its website shows. This is a 20% increase from its previous price point, which it kept for over 20 years.