Inflation Strikes Sam’s Club — Membership Fees Set To Increase in October
Buying in bulk might cost you more than usual very soon.
Sam's Club is joining the ranks of companies raising their prices on just about anything, but this time, it'll cost you a bit more just to even be a Sam's Club member.
Let's break down the price increases:
- Club Members: A $5 price increase will bring annual fees to $50. This is the first time prices have gone up on this membership in 9 years.
- Plus Members: A $10 increase will see annual fees adding up to $110. These prices are changing for the first time since 1999.
These prices are set to go into effect on October 17th.
As you can expect, not a welcoming reaction to the news of the price hikes. It's been a rough year for the costs of pretty much everything, and it seems like Sam's was one of the only places that you could still grocery shop without the effects of inflation.
Just goes to show you, that nothing and no one is safe from inflation. It may not seem like a big price hike, but over time, it all adds up.
LOOK: See how much gasoline cost the year you started driving
To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.
Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.