The rise in food prices caused by the staggering inflation rates, reached a stronghold of bargains that many thought was unbeatable for price increases: the Costco food court.
Starting this week, Costco’s chicken casserole is $3.99, up $1 more, and the 20-ounce soft drink is 59 cents, up 10 cents, The Times confirmed at several stores across Los Angeles County.
“I was surprised because they never increase the cost of goods,” said Georgina Gomez, a food service worker at Costco on Los Feliz Boulevard who has worked at the large retailer for 25 years. “Once they run out, they usually keep that price.”
The price increase is part of the national renewal, This is reported by Business Insider..
Grocery store prices have gone up more than 10% in the Los Angeles-Long Beach-Anaheim area over the past year. Costco is no exception as prices for items such as Kirkland brand croissants, muffins, Wagyu New York steaks and water bottles.
Gomez said she has yet to hear customer feedback on the new pricing for the soft drink and chicken casserole, a cheese-covered bread loaf stuffed with chicken breast, bacon and Caesar dressing.
Most customers preferred the more popular food court options, she said: the $1.99 slice of pizza and the famous $1.50 hot dog and soda combo, both of which remain untouched by inflation. Last year, Costco sold 122 million combo.
Debunked this year there were rumors that the price of a set of hot dogs, which has remained unchanged since 1985, will increase by $1. The chain went so far as to transition from making dogs of national Jewish origin to building its own hot dog facility to keep prices low. market watch report.
Store founder James Sinegal once vehemently defended the price, telling current chief executive Craig Jelinek, “I’ll kill you” if Jelinek raises the price. 425Business reported in 2018.
Gomez noted that despite the recent increase in prices for some items at the Costco food court, it remains more affordable than most other eateries.
Despite this, American consumers continue to face what the Department of Labor said last month, 8.6% price increase, 40-year high.
Shoppers have slashed their grocery budgets, low-wage workers are wasting their paychecks on high commuting gas costs, and small businesses including taquero street vendorsdealt with the rise in meat prices due to higher prices.