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📰 Ripe Report No. 07: Trader Joe’s Bananas Get a Price Peel: A Sign of the Times? In a move that's stirring up the grocery aisles, Trader Joe's has adjusted its longstanding banana price from 19 cents to 23 cents. This marks the first price increase in over two decades for the beloved grocery chain, reflecting the broader economic pressures affecting the grocery industry. Given that bananas are often viewed as a measure of affordability in grocery stores, this adjustment has sparked discussions among cost-conscious shoppers. Citing rising costs as the catalyst for this change, Trader Joe's maintains that the new price continues to offer tremendous value. Our data backs this claim that despite this increase, Trader Joe’s bananas remain a competitive option in the marketplace. 🛒 Impact on Thrivvy Shoppers: As Thrivvy shoppers, you know that price awareness is key to smart grocery shopping. To give you a broader picture, let’s compare banana prices across our catalog: Rouses Market offers bananas at $0.19 each, Whole Foods Market matches Trader Joe's new price at $0.23, The Fresh Market comes in at $0.29, and Robert Fresh Market tops the list at $0.37 each. This price variation underscores the importance of using Thrivvy to navigate the grocery scene efficiently. While we applaud Trader Joe's long-standing commitment to affordability, we also recognize the value in exploring all your options. Remember, every penny saved adds up! 💬 We Want to Hear from You: How does Trader Joe's banana price hike affect your shopping decisions? Will this change where you buy your bananas or your perception of grocery pricing strategies in general? Share your thoughts, and let’s discuss how shifts like these influence our shopping habits. Join the conversation in the comments and help us continue to make Thrivvy your go-to app for smart, savings-focused grocery shopping. #Thrivvy #RipeReports #grocery #BananaPriceHike

Interesting research on consumer behavior in the inflationary grocery market. According to the recent survey of 1,000 shoppers, a third of them report they are currently engaged in that behavior as a way to cut their overall bill. More than four in 10 said they would consider doing that as a way to manage their grocery costs. Larger and bulk packages, including family-sized items and products from club stores, tend to be lower in price per unit. Accordingly, some shoppers are getting into their own personal distribution process. Advantage Solutions’ data shows that 78% of those taking part in this practice are doing it with family members, while 42% are divvying up purchases with friends and neighbors and 12% are getting into the habit with roommates. Many bulk and large items lend themselves to such a divide-and-conquer approach to grocery shopping. The survey found that fresh meat and seafood are tops among such purchases, with 44% of consumers mentioning those products, followed by pasta and rice (43%), beverages and snacks (39% and 38%, respectively). About a third of respondents said they buy and split cereal and breakfast foods, fresh produce and frozen foods. https://lnkd.in/esvm2PUG

Drum roll on today's #ConsumerPriceIndex data. Good Morning America's Kelly McCarthy's interview with Wells Fargo Agri-Food institute's Dr. Michael Swanson pulls back the curtain on some important info: This is the first time in a while that consumers have spent more money on dining out than on groceries. When you buy food away from home, 70% of that is overhead and labor, so you're really only buying 30% of the food with the dollar that you spend. So, what does that mean for consumers and the future? Learn more here.

Drum roll on today's #ConsumerPriceIndex data. Good Morning America's Kelly McCarthy's interview with Wells Fargo Agri-Food institute's Dr. Michael Swanson pulls back the curtain on some important info: This is the first time in a while that consumers have spent more money on dining out than on groceries. When you buy food away from home, 70% of that is overhead and labor, so you're really only buying 30% of the food with the dollar that you spend. So, what does that mean for consumers and the future? Learn more here.

Drum roll on today's #ConsumerPriceIndex data. Good Morning America's Kelly McCarthy's interview with Wells Fargo Agri-Food institute's Dr. Michael Swanson pulls back the curtain on some important info: This is the first time in a while that consumers have spent more money on dining out than on groceries. When you buy food away from home, 70% of that is overhead and labor, so you're really only buying 30% of the food with the dollar that you spend. So, what does that mean for consumers and the future? Learn more here.

Drum roll on today's #ConsumerPriceIndex data. Good Morning America's Kelly McCarthy's interview with Wells Fargo Agri-Food institute's Dr. Michael Swanson pulls back the curtain on some important info: This is the first time in a while that consumers have spent more money on dining out than on groceries. When you buy food away from home, 70% of that is overhead and labor, so you're really only buying 30% of the food with the dollar that you spend. So, what does that mean for consumers and the future? Learn more here.

Drum roll on today's #ConsumerPriceIndex data. Good Morning America's Kelly McCarthy's interview with Wells Fargo Agri-Food institute's Dr. Michael Swanson pulls back the curtain on some important info: This is the first time in a while that consumers have spent more money on dining out than on groceries. When you buy food away from home, 70% of that is overhead and labor, so you're really only buying 30% of the food with the dollar that you spend. So, what does that mean for consumers and the future? Learn more here.

Drum roll on today's #ConsumerPriceIndex data. Good Morning America's Kelly McCarthy's interview with Wells Fargo Agri-Food institute's Dr. Michael Swanson pulls back the curtain on some important info: This is the first time in a while that consumers have spent more money on dining out than on groceries. When you buy food away from home, 70% of that is overhead and labor, so you're really only buying 30% of the food with the dollar that you spend. So, what does that mean for consumers and the future? Learn more here.

Drum roll on #ConsumerPriceIndex data. Good Morning America's Kelly McCarthy's interview with Wells Fargo Agri-Food institute's Dr. Michael Swanson pulls back the curtain on some important info: This is the first time in a while that consumers have spent more money on dining out than on groceries. When you buy food away from home, 70% of that is overhead and labor, so you're really only buying 30% of the food with the dollar that you spend. So, what does that mean for consumers and the future? Learn more here.

Drum roll on today's #ConsumerPriceIndex data. Good Morning America's Kelly McCarthy's interview with Wells Fargo Agri-Food institute's Dr. Michael Swanson pulls back the curtain on some important info: This is the first time in a while that consumers have spent more money on dining out than on groceries. When you buy food away from home, 70% of that is overhead and labor, so you're really only buying 30% of the food with the dollar that you spend. So, what does that mean for consumers and the future? Learn more here.