earlier this week, the Internet was abuzz with speculation of yet another Louis Vuitton price increase, and today, it’s here. This price increase is the second in mere months, following the brand’s last price increase of 2021, which happened in October. For lovers of luxury goods, price increases are par for the course, and Louis Vuitton isn’t the only luxury brand to increase its prices considering that the start of the coronavirus pandemic. Hermès and Chanel have also continuously hiked its prices, often citing inflation and supply chain issues.
A spokesperson for the storied French luxury brand told Reuters that this increase is due in large part to “changes in production costs, raw materials, transportation as well as inflation.” despite the ongoing global pandemic, the demand for luxury goods has continued to climb, allowing brands to justify the continued price hikes.
Right now, it seems that the price increase is impacting nearly all bags and accessories. some of the brand’s a lot of popular monogram bags, ones that are famous choices for first-time buyers, are seeing big hikes. The quick family saw increases of anywhere from 10%-17%. The quick 25 will now set you back $1,490 from $1,350, while the 35 boosted to $1,620 from $1,390. The beloved Louis Vuitton Pochette Accessoires, once easily accessible for those wishing to start their collecting journey, just boosted in price from $1,050 to $1,290, a major hike of 23%. The Neverfull family also saw pretty big increases across all sizes, anywhere from 16% to 20%.
Check out some of the increases below on popular bags from Louis Vuitton and join the chatter going down ideal now on tPF here.
New Louis Vuitton 2022 Bag Prices
Taske
Old Price
New price 2022
Pochette Accessoires monogram Canvas
$1,050
$1,290
Mini Pochette Accessoires monogram Canvas
$540
$745
Multi Pochette Accessoires monogram Canvas
$2,570
No Increase
Pochette Métis monogram Canvas
$2,360
$2,570
Speedy 25 monogram Canvas
$1,350
$1,490
Speedy 30 monogram Canvas
$1,370
$1,550
Speedy 35 monogram Canvas
$1,390
$1,620
Speedy 40 monogram Canvas
$1,410
$1,690
Speedy Bandoulière 25 monogram Canvas
$1,690
$1,820
Speedy Bandoulière 30 monogram Canvas
$1,740
$1,890
Speedy Bandoulière 35 monogram Canvas
$1,800
$1,960
Neverfull PM monogram Canvas
$1,620
$1,960
Neverfull MM monogram Canvas
$1,690
$2,030
Neverfull GM monogram Canvas
$1,760
$2,100
Palm Springs Mini
$2,300
$2,440
Palm Springs PM
$2,430
$2,570
Palm Springs MM
$2,570
$2,710
Onthego MM monogram Canvas
$2,840
$3,100
Onthego GM monogram Canvas
$3,100
$3,250
Men’s monogram Eclipse Trio Messenger
$2,360
$2,500
Pochette Coussin
$2,570
$2,840
Coussin PM
$3,900
$4,700
Coussin MM
$4,300
$5,400