It’s never good news when prices on your favorite handbags rise, but Louis Vuitton clients likely can breathe a sigh of relief, for now, in light of what appear to be relatively light increases in 2024. On July 2, 2024, the global price adjustments ranged from 1.3% to 4% in the United States and [put in range for EU]. Unlike its luxury goods rivals, Hermès (up 3.7% to 9.6%) and Chanel (up 2.8%-8.3%) that imposed substantial price increases earlier this year, Louis Vuitton’s hewed closer to and below current inflation rates in the United States (3-3.3%) and Europe (2.5%). And prices were stable for some bag styles – like the ever-popular Speedy and Neverfull.
In even better news, at least for Americans purchasing abroad, prices in Europe remain lower than in the United States. Despite the potential for a global price harmonization plan, such as what Chanel typically implements, there is an opportunity for travel shopping bargains, as you’ll see below.
Read also: Breaking News: Global Chanel Price Increase 2024
Let’s break down the changes – and see which styles will take a bit more from your bank account. Iconic styles such as the Speedy (excluding the Nano Speedy) and Neverfull have not experienced any price increase. In contrast, more substantial hikes were applied to lines like the Capucines and the Carryall.
While most products saw consistent price changes across both regions, a few exceptions exist. For example, the Multi Pochette Accessories and Alma BB Epi experienced a slight increase in the US, but not in the EU.
