Is Costco Increasing Membership Fees? Here's the Latest

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Since Costco management have hinted for months that membership costs will rise, shoppers have been waiting with bated breath.

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The chain confirmed that it will hike rates, but customers will have to wait for additional details on the schedule.

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This week, Costco management convened an earnings call to discuss its latest quarter's performance and

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future objectives. When asked if Costco will raise membership prices, CFO Richard Galanti said, "it's a question of when, not if."

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Costco has hiked membership costs every five years and seven months, most recently in June 2017. Membership costs should have increased

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by now if the corporation wants to stick to its timeline. Galanti said Costco has waited longer than usual to raise rates, but consumers will see one.

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We can't say if it's in our plans. We'll inform you when we know...So, keep tuned. We'll update. But I can't say anything about it "said.

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Galanti said Costco considers the economy when setting prices. As Costco approached five-and-a-half years after its June 2017 fee rise

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