EVERYTHING has gone up in price – even some items at Costco.
This is due to high inflation, last assessed at 8.6% in May.
There are a few reasons why costs continue to rise so rapidly.
These include supply not meeting demand, Russia’s invasion of Ukraine, and price gouging, which refers to companies raising their prices far beyond what is considered fair.
Here are the items that are priced higher at Costco.
Two items are more expensive
Two food court products have skyrocketed in price, Business Insider reports.
As always, keep in mind that exact prices may vary by location, but the news outlet said the chicken casserole is now $1 more, or 33% up from $2.99 in June.
The appetizer is served with breaded chicken, bacon, cheese and Caesar dressing.
The other item is soda, which is up 17% to 69 cents.
reaction from fans
Fan reaction to Costco’s traveling awards has been mixed — particularly the chicken.
For example, one shopper tweeted, “Costco’s chicken casserole just went from $2.99 to $3.99.
“This inflation bull**t has reached insane levels. That has to be stopped.”
Another said: “$3.99 for a Costco chicken casserole?! I might as well buy another pair of Travis Scott.”
Meanwhile, another Twitter user thought the price hike was justified.
“I always thought chicken casseroles were overpriced. I’m more upset that Costco got rid of their combo pizza, so now it’s just cheese or pepperoni.”
But there’s good news for hot dog fans worried about paying more.
Though there are rumors of one, Costco senior vice president Robert Nelson said on a recent conference call to analysts that there are no plans to raise prices for the hot dog and soda combo, which is just $1.50 -dollars cost.
It’s a tradition as the price has remained the same since the combo was formed in the mid-1980s.
Costco did not respond to The Sun’s request for comment.
Another thing buyers need to pay attention to
Buyers should not only be wary of the rapid rise in prices – but also of the contraction.
With this practice, companies reduce their size while the costs remain the same.
This is easy to fool and products from snack foods to bathroom items have reportedly shrunk without a drop in price.
Major fast food chains like Subway and Burger King have also reportedly seen a downturn.
To avoid this, be sure to check the size of each product when you are in the store.
On lays chips for example it should tell you the net weight on the bottom of the front of the bag.
For more related stories, Dunkin Donuts increased their prices by 8%.
Costco plans to increase member prices.
And thousands of Americans face a more than $1,500 increase in health care premiums.
The two items at Costco that are up as much as 33% in price – now see how much they cost