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 since 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 most popular monogram bags, ones that are iconic choices for first-time buyers, are seeing big hikes. The Speedy family saw increases of anywhere from 10%-17%. The Speedy 25 will now set you back $1,490 from $1,350, while the 35 increased to $1,620 from $1,390. The beloved Louis Vuitton Pochette Accessoires, once accessible for those wishing to start their collecting journey, just increased 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 right now on tPF here.
New Louis Vuitton 2022 Bag Prices
|Bag||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|