LOS ANGELES (CBS) — The annual price of a Costco membership is going up 10 percent.
Starting in November, the cost of an annual membership at the big-box retailer will jump from $50 to $55.READ MORE: Laguna Hills Student Spouts Racial Slurs At Black Player
Executive memberships will also go up by $10.READ MORE: Authorities Searching For Missing Teen Girl Allegedly Taken By Her Mother
The company blames the rising cost of groceries and clothing for the increase.MORE NEWS: Woman Details Encounter With Man Accused Of Killing Brianna Kupfer
Costco operates nearly 600 warehouse stores, about two-thirds of which are in the United States.