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Prices of European luxury goods increase at about two times the broader consumer price index (CPI), which measures changes to the price of a standard basket of consumer goods and services. This is confirmed by both analyses of specific product SKUs over 40 years as well as analyses of broad-based baskets of luxury goods and services, such as the Cost of Living Extremely Well Index produced by Forbes. While the broader CPI grew at around 3 percent CAGR over the past 40 years, the Cost of Living Extremely Well Index increased at 5 percent annually.
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