Costco raises annual membership fees amid rising inflation

Starting on Sunday, the cost of admission to Costco is increasing for members.

For the first time in seven years, the wholesale chain is increasing its membership fee.

Customers will see a five- to 10-dollar annual increase depending on the plan. The change applies to both current memberships and renewals.

Despite rising inflation in recent years, membership prices had remained steady.

The company also began cracking down on card sharing to encourage more people to sign up for its service.

ALSO READ: Grandmother gets canceled COVID cruise refund after 4 years | 7 On Your Side

Nina Pineda and 7 On Your Side help a grandmother get a refund after her cruise was canceled in 2020 due to COVID.

----------

* Get Eyewitness News Delivered

* More New York City news

* Send us a news tip

* Download the abc7NY app for breaking news alerts

* Follow us on YouTube

Submit a tip or story idea to Eyewitness News

Have a breaking news tip or an idea for a story we should cover? Send it to Eyewitness News using the form below. If attaching a video or photo, terms of use apply.