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When It Comes to Luxury Price Hikes, the Party May Soon Be Over

For years, luxury brands have been raising their prices, simply because they could. But as raw materials get more expensive, and real inflation continues to rise, sophisticated shoppers may begin to look elsewhere.
Louis Vuitton raised price tags this week as costs climb.
Louis Vuitton raised price tags this week as costs climb. (Getty Images)

It’s no longer shocking when a global luxury brand raises prices on its most coveted bags, shoes and dresses, as Louis Vuitton did

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