A Credit Karma survey published before the new year found that 80% of supermarket buyers are spending more on food due to inflation.
The U.S. Inflation Calculator reports that the rate is breaking a 40-year-old record at 8.5%, but experts expect prices to rise.
If one legendary pattern repeats, Costco members who appreciate the warehouse giant for its inexpensive pricing may pay more for access in 2022
Costco has hiked membership costs every 5.5 years. The recent increase was from $55 to $60 for the Gold Star Everyday membership
and $110 to $120 for the Executive membership in June 2017. If the same $5 and $10 increase happens this year, Costco memberships will cost 8.3%
That $5 or $10 membership price increase is tiny compared to what members spend on warehouse runs.
Other Costco services have always been affordable. Being so cheap costs the corporation money on the $4.99 famed rotisserie chicken.
The corporation caps the food court hot dog and Coke combo at $1.50 for this reason. In 2018, large box company co-founder Jim Sinegal advised CEO Craig Jelinek