Costco customers are worried that Biden inflation will put an end to one of their favorite treats

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Grocery prices have skyrocketed over 20% since Biden assumed office. 

Even people who buy in bulk at Costco are feeling the pinch.

And Costco customers are worried Bidennomics will put an end to one of their favorite treats.

Costco prices going up

Costco is a membership grocery store known for offering groceries in bulk at reduced cost. 

But like everything these days, it is becoming less affordable for working-class Americans. 

Costco tends to offer cheaper gas to its members than other gas stations, but they have recently been increasing their gas prices.

Costco memberships have increased by 7.3% in the last year.  

The cost of a Costco membership has stayed the same since 2017, but Costco CFO Richard Galanti recently hinted that an increase of $5 to $10 could be coming soon. 

He also said that their increase in gas prices has helped them increase profits. 

“When we do our competitive price shops on gas, which we do weekly at every gas station we operate with neighboring competitive gas stations, our value proposition is actually increased – increased number of cents per gallon than we’ve ever seen,” he said. “So, that’s been, if you will, a win-win for us.”

Of course, we are starting to see gas prices shoot up more, as the effects of Biden dumping the strategic reserves to give Democrats an edge in the 2022 midterms has now completely diminished. 

Costco customers have noticed sharp increases in some items. 

For example the cost of a bottle of Kirkland Signature organic extra virgin olive oil has skyrocketed from $16.99 in March 2023 to $24.99 this year at one Brooklyn store. 

Galanti did say that some items are going down in price, such as furniture and other bulky items, due to decreased freight costs. 

What about those hotdogs?

As of now, Costco is still offering the incredible bargain of a hotdog and soda combo for only $1.50 at its food court. 

They have maintained that price for over 4 decades, thanks to a pledge from the store’s founders. 

But recent price increases in the store’s food court offers has hot dog lovers wondering how much longer that will last. 

They introduced a new item, kimbap similar to sushi, that is also sold at Trader Joe’s. 

You can get 6 kimbap’s for $18 at the Costco food court, which is cheaper than Trader Joe’s. 

Galanti said the hotdog deal is “probably safe for a while.” 

But with increases in the cost of everything, coupled with increased labor costs, eventually it could get to a point where it won’t be sustainable. 

So if you are a Costco member, keep getting those $1.50 hotdogs while you can. 

Informed American will keep you up-to-date on any developments to this ongoing story.