(Bloomberg) — Costco Wholesale Corp. is boosting its membership fees for the first time since 2017, raising the charge for a basic membership to $65 a year from $60.

The 8 per cent price increase for U.S. and Canadian members will take effect Sept. 1, Costco said in a statement Wednesday. The price of the retailer’s premium membership will rise to $130 from $120. The move will affect about 52 million memberships.

The 8 per cent price increase for U.S. and Canadian members will take effect Sept. 1, Costco said in a statement Wednesday.{ai:summary}<p>Costco raises membership fees by 8%, basic rate now $65/year. Premium membership also increases to $130/year. Impacting 52 million members. #economy</p>

Canadians will have to pay $5 more for Costco's basic membership fee after company hikes price

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