It was announced this week via The Consumerist that Costco would be increasing the cost of its membership by 10 percent. Most members will feel a $5 a year pinch.

I asked some folks at the Home and Garden show in Lubbock about the increase and whether it would keep them from renewing their membership or obtaining a new membership at Costco.

I spoke with 10 different people and the majority -- seven of them -- stated that $5 was manageable. One said it was too much, and the final two didn’t seem to care one way or the other.

Jeff said to me:

“It is a cost of doing business. $5 is not going to hurt my bottom line as a business owner.”

Pat from Idalou told me:

“If they can keep the prices I pay low, then I don’t mind five extra dollars a year.”

But Pete from Lubbock was not as positive:

“It is ridiculous, why should I pay more if their prices are going up as well?”

So, there you have it -- opinions ranging from 'no biggie' to 'yup, it's a problem.'

What do you think of Costco's price increase? Does it bother you? Let us know in the comments.

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