Costco holds off on hiking membership fees, citing inflation

Costco Wholesale Corp. (Nasdaq: COST) is holding off for now on raising its membership fees, said Bob Nelson, senior vice president of finance and investor relations, during a call with investors Thursday. Earlier this year, the Issaquah, Washington-based warehouse retailer hinted it could hike its dues as early as this summer. On average, Costco increases membership fees every five and a half years. The last price hike was in June 2017, when Costco raised its annual dues for Gold Star and Business…