Costco Is Raising Prices: 3 Unexpected Items That Will Cost More Money This Year

Despite inflation slowing to 3.4% in April, Costco has raised prices on some items and more hikes might be coming.

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The club isn’t raising prices on everything. Prices on some items, like furniture, have dropped due to lower freight costs.

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However, some staples have seen price increases that surprised members.

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Kirkland Signature organic extra virgin olive oil prices went up, with one store in Brooklyn seeing a jump from $16.99 to $24.99.

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Costco gas prices, usually 30 to 50 cents cheaper than other stations, have recently increased to improve profit margins.

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During his last earnings call, the CFO hinted at a possible price increase for Costco memberships for the first time since 2017.

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If it happens, the Gold membership might go up by $5 and the Executive membership by $10, which gives 2% cashback on most purchases.

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