Yeah, bananas are a singularly bad example to show inflation because, for some reason, they became so associated with the idea of “cheap” that when supermarkets increase their price any way it makes the entire supermarket be considered as expensive, so supermarket chains are locked in a standoff over its price.
Unfortunately, this is being subsided by the workers that aren’t getting paid a living wage to produce the bananas, and it seems we are close to a breaking point, so there might be a price realignment soon.
Yeah, bananas are a singularly bad example to show inflation because, for some reason, they became so associated with the idea of “cheap” that when supermarkets increase their price any way it makes the entire supermarket be considered as expensive, so supermarket chains are locked in a standoff over its price.
Unfortunately, this is being subsided by the workers that aren’t getting paid a living wage to produce the bananas, and it seems we are close to a breaking point, so there might be a price realignment soon.