LVMH Is Spearheading Astronomical Luxury Price Hikes

Even the designer executives are saying it — “Top luxury will cost more, while mid-priced fashion will cost less,” Brunello Cucinelli (of the eponymous cashmere house) told Reuters.  In general, analysts predict that the cost of absolute luxury goods — like Brunello Cucinelli — will continue to rise faster than both other product areas and inflation.