Costco Reports 50% Price Hikes On Thousands Of Different Items As CEO Warns Of Difficult Times

Costco has gained popularity over the years due to its affordable prices on everything from pantry staples to household essentials. Its warehouse club members are often attracted by the value and the quality of its huge product range. Although the company tried to limit the impact of inflation by not passing along unnecessary price increases to its customers in recent years, there was only so much it could do before its bottom line started getting hurt. Now, multiple reports reveal that shoppers are seeing some outrageous price hikes at the retailer’s stores. According to its executives, unprecedented challenges hitting supply chains and its internal operations left the wholesale corporation no choice but to raise costs on thousands of different items, and retail experts say that even more double-digit markups are coming this summer.