Here’s how much each tier will cost

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Here’s how much each tier will cost

Prices on just about everything continue to tick upward for U.S. consumers post-pandemic, from airlines passing on

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to offset fuel costs to

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upping the

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of various food items and meals.

Now, beloved big box retailer Costco is making some pricing adjustments as well.

Costco

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in its June sales report on Wednesday that starting Sept. 1, 2024, it will increase annual fees for its bifurcated membership options.

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PHOTO: Customers wait in line to check out purchases at Costco store on June 28, 2023 in Teterboro, New Jersey. (Kena Betancur/VIEWpress/Corbis via Getty Images)

For U.S. and Canada Gold Star, Business, and Business add-on members, there will be a $5 increase, bringing the annual fee up to $65.

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Annual fees will also increase for Executive Memberships from $120 to $130 — the primary membership of $65, plus the Executive upgrade of an additional $65.

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PHOTO: A staff speaks to a customer inside a Costco store on June 28, 2023 in Teterboro, New Jersey. (Kena Betancur/VIEWpress/Corbis via Getty Images)

These fee increases, according to Costco, will impact around 52 million memberships, a little more than half of which are Executive level.

The maximum annual 2% Reward that Executive Members receive will also increase from $1,000 to $1,250.

Costco operates 882 warehouses, including 609 in the U.S. and Puerto Rico, 108 in Canada, as well as e-commerce sites.

Guggenheim analyst John Heinbockel

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that Costco was close to increasing its annual membership fees back in 2021.

“As is well known, Costco has increased its annual membership fee every five and a half years by $5 to $10,” he wrote in a research note at the time, predicting that “the Gold Star fee” would eventually rise “to $65 from $60 while the Executive membership would move to $130 from $120.”

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