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It's official, Costco has confirmed a 10 percent hike on its membership fee, which will go into effect starting in June. This means the price of standard memberships (read: Goldstar and Business members) will jump to $60 per year, from the current rate of $55. Meanwhile the price of an Executive membership will increase by about 9 percent, from $110 to $120, Consumerist reports. Advertisement - Continue Reading Below.
The conditions are in place for Costco () to bump up its membership fee early next year, wrote analyst Michael Lasser on Friday. Costco is a membership warehouse club, which requires consumers to pay an annual fee to shop in its stores. Lasser suspected the retailer will increase the annual fee for its basic Gold Star Membership to $60 from $55, and raise its Executive Membership price to $120 from $110.