Costco has reportedly raised the prices of two of its popular food court items.
Business Insider reported that the chicken bake rose from $2.99 to $3.99 while the price of a soda rose from 59 cents to 69 cents.
Nexstar Media has confirmed the price hike.
“It’s sad but true,” an anonymous store employee told Nexstar.
The move comes as consumers continue to feel the bite of inflation, with food prices up 11.9% from a year ago.
The beloved hot dog and soda combo remains at $1.50, a price unchanged since it was added to the menu in 1985. In May, Costco denied rumors of a price hike on the combo.
“Let me say that the price, when we introduced the hot dog and soda combo in the mid-1980s, was $1.50. The price today is $1.50, and we have no plans to raise the price at this time,” said Bob Nelson, Costco’s senior vice president of finance and investor relations. , during a call for results.
This award is so iconic that CEO Craig Jelinek said company founder Jim Sinegal had an ominous response when he suggested raising it.
“I said, ‘Jim, we can’t sell this hot dog for a dollar fifty. We’re losing our backs,” Jelinek told 425 Business in 2018. “And he said, ‘If you lift the scary hot dog, I’ll kill you. Understand it. That’s all I really needed.
But Costco has tinkered with the rest of the food court — and not just with the prices. The $1.50 combo offered the option of a hot dog or Polish sausage. In 2018, however, the retailer killed off the Polish sausage option, sparking furor on social media.