Costco vows not to hike the price of its $1.50 hot dog combo

Rest assured, Costco and wiener fans — despite inflation having driven up the cost of groceries to their highest level in years, the budget retailer has no plans to raise the price of its fabled $1.50 hot dog combo special.

The wholesale club's new chief financial officer, Gary Millerchip, underlined that point during a call with Wall Street analysts this week to discuss its third-quarter results. 

"To clear up some recent media speculation, I also want to confirm the $1.50 hot dog price is safe," Millerchip said, referring to Costco's hot dog and soda deal.