Costco announced the membership increase in July. Starting Sunday, here’s what it will now cost.
Costco is raising its membership fees for the first time in seven years.The popular warehouse chain announced the increase in July as part of a monthly sales report, noting that members will have to pay an additional $5 to $10 annually.RELATED: Costco's top competitor has a secret weapon to catch the warehouse giantCostco’s annual fee has remained the same since 2017, despite several years of unusually high inflation rates that have finally been cooling down in recent months.
1, will boost the price of Costco’s basic Gold Star membership from $60 to $65 annually, while the cost for the premium Executive membership will rise from $120 to $130. Basic Gold Star membership: $65Premium Executive membership: $130With inflationary pressures squeezing household budgets, Costco’s commitment to offering low prices on a wide range of food and other merchandise has helped make its warehouse an even more popular shopping destination.
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