The line graph illustrates the cost of bananas in four different countries from 1984 to 2004. Overall, the price of banana in two out of four countries went up while in remining countries costs decreased. It is also worth mentioning that the most significant increase observed in Japan.
The line graph illustrates the cost of bananas in four different countries from 1994 to 2004. Overall, the price of bananas in two out of the four countries went up, while in the remaining countries the cost either declined or remained relatively stable. It is also worth mentioning that the most significant changes were observed in Japan.
Focusing first on the countries that saw increases – Japan and the USA – banana prices in Japan experienced substantial growth from almost $2.00 in 1994 to just under $3.00 in 1995. After this, the figure decreased significantly to just below $2.00 in 1997, before rising again to around $2.30 over the next four years. Following this period, the cost fell to just above $1.50 in 2001, but then generally increased, reaching about $2.50 per kilogram by the end of the period. In the USA, despite a modest rise from $0.80 to $1.10 in 1995, the price fell slightly the following year before returning to around $1.10 in 1998. After 1998 onwards, the cost remained stable at approximately $1.00.
Looking at the countries experiencing overall decline or stability, France remained stable at around $1.60 for three consecutive years. Prices then dropped slightly to $1.50 in 1998, after which they increased to about $1.70 in 2001. The figure then fell to roughly $1.40 in 2002, before rising again in 2004. When it comes to Germany, after a minimal decline of about $0.10 at the beginning, the price rose again to just under $1.50. Over the following years, the price underwent a series of small fluctuations and eventually settled at around $1.10 per kilogram by the end of the period.