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Costco Shoppers Finally Have Good News on Grocery Prices

Here's what you need to know about the megaretailer's lastest pricing news.

Headshot of David Watsky
Headshot of David Watsky
David Watsky Managing Editor / Home and Kitchen
David lives in Brooklyn where he's spent more than a decade covering all things edible, including meal kit services, food subscriptions, kitchen tools and cooking tips. David earned his BA from Northeastern and has toiled in nearly every aspect of the food business, including as a line cook in Rhode Island where he once made a steak sandwich for Lamar Odom. Right now he's likely somewhere stress-testing a blender or tinkering with a toaster. Anything with sesame is his all-time favorite food this week.
Expertise Kitchen tools | Appliances | Food science | Subscriptions | Meal kits
David Watsky
kirkland sign

Costco is the third major retailer to announce price cuts to groceries since May. 

 Costco

Costco groceries just got cheaper. The big-box retailer becomes the latest major US grocery chain to announce price cuts over the past several months. The membership-based megaretailer revealed in an earnings call last week that it had slashed prices on many of its signature Kirkland items. It's a sign that cooling inflation is trickling down to places where people need it most. 

Earlier this year, Aldi announced a flurry of presummer price cuts to more than 250 essential groceries. Shortly after, Target revealed price cuts on more than 5,000 frequently shopped items. Costco, already known for its low prices on bulk groceries, becomes the third major retailer to make major changes to its food pricing, a welcome relief to American families trying to keep to a budget. 

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In Monday's call, Costco Chief Financial Officer Gary Millerchip mentioned the new prices of some popular Kirkland products. These included macadamia nuts, which fell from $19 to $14; 3-liter bottles of Spanish olive oil, down from $39 to $35; standard foil, from $32 to $30; and laundry packs, from $20 to $19. Millerchip also noted that Kirkland Signature boneless chicken tenders had fallen by as much as 13%.  

For more Costco tips, see how much you'll save by buying in bulk for a year and here's everything you can get at Costco without a membership.

About the Author

Headshot of David Watsky
Managing Editor / Home and Kitchen
Managing Editor / Home and Kitchen

David lives in Brooklyn where he's spent more than a decade covering all things edible, including meal kit services, food subscriptions, kitchen tools and cooking tips. David earned his BA from Northeastern and has toiled in nearly every aspect of the food business, including as a line cook in Rhode Island where he once made a steak sandwich for Lamar Odom. Right now he's likely somewhere stress-testing a blender or tinkering with a toaster. Anything with sesame is his all-time favorite food this week.