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Costco Says These 8 Items Are About To Get More Expensive

This week, Costco's CFO revealed how supply shortages and delays could affect what members pay for basics.
costco meat

The pandemic has slowed down significantly (thank goodness), but its effects are still impacting the way you get your groceries. This is according to Richard Galanti, chief financial officer at Costco. This week, Galanti reported on Costco's latest earnings, blaming lags in the supply chain for impending price increases on eight of the everyday groceries you buy. We have the list.

According to CNBC, Galanti said that Costco's prices will soon rise because "inflationary factors abound." He continued: "These include higher labor costs, higher freight costs, higher transportation demand, along with the container shortage and port delays … increased demand in various product categories some shortages, various shortages of everything from chips to oils and chemical supplies by facilities hit by the Gulf freeze and storms and, in some cases, higher commodity prices."

In short, which common Costco items are about hit your wallet harder? Read through to find out—and don't miss 9 Summer Costco Items Members Are Stocking up on Big-Time Right Now.

1

Paper products

kirkland signature paper towels at costco
David Tonelson/Shutterstock

This one has been generating big buzz on social media: Costco's paper products have been affected by a pulp shortage. The Seattle-based chain has even made some changes to the size of some popular paper products.

2

Aluminum foil

Aluminum foil
Shutterstock

Some Costco members know their aluminum foil lasts ages. Unfortunately, Galanti said Costco has "been seeing accelerating prices across a range of products," and aluminum foil was one of those he listed.

RELATED: Your Aluminum Foil Box Has A Mind-Blowing Secret Feature

3

Meat

frozen meat

Galanti reported that Costco meat prices have gone up 20% in recent weeks. (But check out the new burger Beyond Meat has just launched.)

4

Plastic products

plastic silverware
Shutterstock

Costco has "cited price increases," states CNBC, "for an assortment of plastic products"—reportedly up to 8%. This may be a good time to try more sustainable types, like this list of 20.

5

Soda

soda aisle with cans and bottles of soda
Shutterstock

Soda buyers at Costco may notice a hike in these products, as well.

RELATED: Surprising Side Effects of Not Drinking Soda, Say Dietitians

6

Cheese

american cheese
Shutterstock

Costco is known for a great cheese selection, but this news could affect those burgers on the grill. Cheese was another product on Galanti's list of Costco groceries that are about to get more expensive. (The good news is, they've brought back a popular summer sweet treat.)

7

Rotisserie chicken

Costco rotisserie chicken
Costco Rotisserie Chicken/Facebook

There are lots of amazing facts about Costco's rotisserie chicken, as many customers know. Galanti said the popular item—currently at just $4.99 for an easy dinner—could soon increase in cost.

8

Bottled water

bottled water
Shutterstock

Just as you're about to get thirsty this season, bottled water prices could balloon, Galanti said. If you're looking for creative ways to stay hydrated, don't miss One Major Effect of Eating Watermelon This Summer, Says Science.

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Krissy Gasbarre
Krissy is a senior news editor at Eat This, Not That!, managing morning and weekend news related nutrition, wellness, restaurants and groceries (with a focus on beverages), and more. Read more