Costco raising its membership fees for first time in 7 years effective Sept. 1

Retail giant Costco might be keeping its famous hot dog and drink combo at $1.50 but its standard annual membership fee is going up by $5 and its executive membership fee is rising by $10.

The standard "gold star" membership will now be $65 annually and the executive membership fee will now cost $130.

The last increase took place in June of 2017.

According to a Costco press release, the fee hikes will impact about 52 million members.

The new membership fees start on Sept. 1.