Costco Dropped Prices on 5 Beloved Essentials — Here's What You Need to Snag

Costco's most recent earnings call revealed the warehouse chain is lowering prices on Kirkland Signature grocery staples. According to CFO Gary Millerchip, the Costco private label brand is growing faster than the overall business and they saw increased profits by lowering the price of some key staples last quarter. 

It's no surprise that lowering prices caused more customers to switch to Costco for grocery essentials like chicken. Continually rising grocery prices for the past few years have left shoppers buying less to stay within budgets that have not grown in line with costs. Many shoppers believe Kirkland Signature brand products are one of the key features to unlock the true value of their memberships. See which items are dropping in price next. 

Old price: $31.99 

New price: $29.99

If you tear through tin foil frantically, you'll love the price drop on buying in bulk. These rolls come larger than your typical grocery store carries, so they will last a long time in your home kitchen. 

Old price: $18.99

New price: $13.99

Hawaii was the first place to commercially produce macadamia nuts, and their popularity has only grown since then. If you love sprinkling these exotic nuts in trail mix or cookies, you'll be excited about the steep price drop. 

Old price: $38.99

New price: $34.99 

Costco is shaving a couple of dollars off their store-brand Spanish olive oil. Any chef knows this is an important cooking oil and a staple in salad dressings. 

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Old price: $5.99

New price: $4.99

Personally, I can't buy baguettes without feeling like I'm in the opening of Disney's classic "Beauty and the Beast." This bakery staple is dropping a dollar in price, so it's a little more affordable to keep in your bread basket now. 

Old price: $19.99

New price: $18.99

The price drop in laundry detergent packs is due to a switch from a rigid plastic tub to a resealable soft plastic pouch. If you prefer that method of storage between laundry loads, hang on to that old tub to refill. 

The Costco earnings call specified that these are only a few examples, and many other Kirkland Signature products will also see prices lowered for consumers. 

The company's chief financial officer, Gary Millerchip, also acknowledged the price reductions to add further value to membership costs, as many shopping-savvy members were upset to see the price of joining go up this year.