- Banananomics
- Posts
- Banananomics: Bananas Rising Quickly As World Changes
Banananomics: Bananas Rising Quickly As World Changes
While the price of bananas may not be global news, it is a significant indication of more considerable geopolitical turmoil.
Immediately Actionable News For Money Managers
It is Monday and the EU elections are underway.
Bananas Rising Quickly As World Changes
After a spike in March, the U.S. average price of bananas has settled at $0.626 per pound.
Inputs that matter: While the price of bananas may not be global news, it is a significant indication of more considerable geopolitical turmoil.
The price of bananas in the U.S. should be around $0.60 per pound, but it has not been that low since March 2021.
At the height of the 2008 financial crisis, bananas skyrocketed from $0.521 to $0.630 in months.
During the pandemic, we saw a similar spike.
The opportunity: The economic world is changing quickly.
Food services accounted for more than 19% of all retail leases last year, rising in recent years to the highest proportion for any category since data firm CoStar Group began tracking the statistics in 2007.
The uptick reflects how Americans are spending more time and money at restaurants.
Zoom in: However, this increase corresponds to people having multiple jobs and side gigs such as Uber, Amazon Flex, and even extra shifts.
The reason is stubborn inflation coupled with high interest rates.
The cost of living is rapidly increasing, and the Fed is expected to make rate cuts in November.
Between the lines: Most of the world is under an election year.
India recently had the most significant election in history.
The EU elections are wrapping up this week.
In November, the U.S. is facing a hotly contested presidential election.
Follow the money: The cost of owning a home in the United States has increased 26 percent since 2020.
According to Bankrate, the average annual outlay for owning and maintaining a typical single-family home, not including mortgage payments, totaled $18,118 in March.
Maintenance costs were the most significant expenditure for homeowners in 2024.
Energy bills accounted for the second highest cost associated with home ownership.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/b72139e6-e327-40fd-a904-1bf83aaad47c/92585.jpeg?t=1714665698)
Get your official Banananomics swag
Banananomics official swag store is open. A place to buy Banananomics merchandise, such as:
As always, we appreciate your support. International shipping is available.
Thank you for reading,
Todd Moses (CEO)