Financial services
May 12, 2022
Chanel is among the luxury brands that have introduced price increases. Image credit: Chanel
By Katie Tamola
As inflation continues to permeate the across the globe and fuel economic anxiety, the luxury industry may see more ripple effects.
{"ct":"HwZlp7Gq19nKoX+uIicJLVWMkMoew9x+NzCHOv8rHNr8SQFAgJX1DJalE6PfJiLoDwXbhJBFfKo0ips+1j5Cj2Tb714AEdRh5j70jfFOBIPO1hYH\/Z3LIeD7uLN8LYEyi48MceWxUQJjo06wVm8v5FZ+YJ78Aq9cr3Iv9HdfMlZZgHgpUjKwkiUO5cufpzpkIzs7WIdzrvYTG2Ord96ikrKdHGHSxBNrkMFAr7nkvvISmYSe80NwanwQee5z34bbfs8yXGLmn3s\/YyypX7ZxXHFa7cXu4JP\/4a6ZVYRSDHG9YHm2GvcQNINRUcJEZSwft1zFA+Z+gJYBlKxES8PcGvTqTI4EZ2gxjoIytaj9zzB6Mvb+kQyVCIEJUjAFY17u9Up9R9lZIxq7sZuaA7EHSZorhG2XWUnP0R5CV1LKoAYUZl7ovSKDT8j7IZsbryLSrCLoHdiHKIVPZpyQSm3Q2NJG7W8HaePAOAXrQdGgX5\/QYmUQbhvy6pFyN4OXX59OZetdLtv0OjfinpilqMMZQWGW2bQAy2zWZvEKBt2rgUrJxW2xQW8in9DIPVpbMi\/yk8ox4iE3waYqrBuTuSXZtd+aT\/xkfbSP2KG9PbYDYsLJ4Zh2HJHa5lvl39qtz93YR6CHiT92KZ\/88NFll\/SJQGxq3QDgwQxlvWLITlpGfgri9ebzoIjLQnG0hrMVIjdW0aYkzvUFRglbYYPmjoO\/tvbNI5EMwfChGUsbYagRnFgeKbWbP6iEMVt0YTCwwHsl5x0G\/+nog56bQ1dBd2d9sx5qfZkTXaLl\/n7B\/c35Cs2ne\/uGO9bdtDPvV+IFitkaza65IRBkwkXrCKoxGI687Rvl1oNDmHTb2aM1lZ14EIl6LMPCTZKxY6oh9uaLqBNMSoCTU+hwEuHxnBkIYl\/je1+PM48GAdfZIbnaZRxrO+jpBeQ4+E9YMfJL1UGfAdOpKTrgLowj1xTGReO03tuik\/RW\/VPepAmVrr+F9mgMtYuF0Zpt+vEHnqN97EjEfyNwLfX0iAOLJ0hZIVHAhwL2ADzKVsD3HyqmaT1xActTTppAfWOY9+HV5e6ayjVlUdn\/+4ZDiuzFe75MtBzFeiYo0DvtOuALqHDklE6pdf5b3qOfsC9Crz6R7aes1GELyNm+PCAqUqMOFtlglGT0SW12IvPj9iYgCS3XYRi6vZbaDWFDDwxmB+K65V8j1LKVS7AYIDPFMp3V+dHanCccqoaQA70ZVUJLMYOBN+3xnXhoQqO0oCGfUVuApDkF+ToH+blXf49oqxZBZIXAZctytDLv4pUKW9qTraVvWUaMH1ipzypEsRL3dSSdA8FVmztQ1CjhrUh5SIYZg1OAMLoiX02D1\/XvwcpdTInTZ4GyEYDnqgS8nXGF8YIHqExn\/ILXKM0jCt3v5X1W8VARUQaCW5+CaeK06lqn10dQ9uEUTt+TzVPnYFZxyVVwPmWYydoCPAf4nQ0okJ5zZmDCanyy2Ozj0FpmQWV4uHLeFTphRRItT3KYDYL5jOPG1kwPGNnvxznPCUsFqmTF7x2H5YjQ4WkyG5RcZHhqPB8XaFyeoDKZCUaFBoq096r9aCiRUQFD9O1bqjlzZrIWahaUsfKANXlMN9cDEr6cyLtVcr1dZEEF85+rl4frw04OdvsWNOzDu\/WE6sXbu5cGq4+11iOOF1\/sXjGOyWuQxgzSw0CKL4nXzSbcr8EyIiWr\/OIHwLXYrjx7ATbfJaQfDtR7upHrtBReN9w1gnFPLbgSF85xHm+JpmDasfJAr2hv1OFzt\/zYaBTV8WpELSG\/WvbG8e\/il7X0GgZ\/Yzgl8oyB0jyLHXnNgH9EHWv3GZtCg\/1C8ZE6jHX90kv770ZE2N0W\/we5agnrseYcWMmpjBZKNIwww3okeI\/QFFhS2shnADWsLde8JCknKaDTlsp94qqinaT0IxWopG0EflBTRW4Kqa\/uVxR\/FkqMUB+eKaGC\/mP58k6MNyNfCEzG9zHBCCBoKLBZiegKHlRdtMOZIwSvWgFCZu0R1N3WDhJXnrKqSgXtsLEDpLz8iNLcYThmIkL1FCDUlsO+2PMqkC\/wKWskL7UCRDCmRALnOvqU8RXQCmuL2poqbUR1AyeRWKDxfVc46uI2qXYncHjSlIF4OU7Xj4ziO2vO4O8RTII+pmdXizHG8ohb+S3ZVMxVdSpY2A7LXCzfdjElboz4Ovk+XdA3\/jbK+xg7e9hVUfqJUCdwEn7N6YpZTd7yGVxCFA0bm2tnsJOBkPeQ7VqCVHLOssLLTXPVKO4a89ywJS0SAR5Rl09UEUkSQJwaGYgEOe32RytE3or\/yVu\/CYBrIHC6DzbHOmQgvoOv\/oEmfTidb2GPR7piodBaMimSBkSuKK5vZcucjRo8FkwWXg8i0to91LdodQLFNwvCT+yxhoeWYtS7uelPQDKyxXv\/Ux0aH\/yx7Kac5uzNHX0n0TtKjgPXAXGZOrOc5QE\/wYCkso56TqcKMR27ZklN2nQ5DItf9IEJsXJFqkluO2boDwj9s20R3S7E9dNDZpN8cR9YJ\/l0T2mtFQpBNgepVistqCp2OEnKXA659ms3mxxk1WqqWhjKwJXFn8eW8Un9K8qMDYCBwe8j5WWNoE5jusgBOss3OzOPYUZWeBFG02uE7Aicd1UkmuiT0CPM\/ulKbh1F5ntbi\/vS+47eAhco3iFRBiMmlV1tDIaTa6rf\/OHbP\/86COezOxG7E9a+6EarGJVtmPoO1kRCm1n2TeWubxh27Nqbe715fvCZcjCwEi2UFON05JPHMbDLGy8uUIcQGKu2MVm+h5DSWoGncZ0tqUcG+T+lAThZEhda4sM0ZoKqx4Vj9UjjlHz1lXxpXymeYtGDTLK1FkIq3AKCRhObdVnbXlOS5VE3hhY\/IW5Wz2+PenSr0vi0SwsSwPfaCbM1e9IlMO\/uoy96RIzxeHx1+6WPLDU0LItN914AIggrftbuPML\/zoneVbnFwNgg+9d2ThkG63zJBcaRatTM5WWWGHllHKT9Fxso7dkVPyMCS2241QCpdlcp2ta0Hw7iIo237QzvHVJiAEV8jg7WEyrRanxnEIWPS1xsHyYfrOGEk\/LNvj4DnvbCsoVevs\/Oc0q5OvtWnYDGTGfS9PsxHuKrDNeeHQircW4G9JTtDFF4Qub+F4F7q5ItDZQpDSmLss8xNcqJLkntL9aKfAnDThjUGCW17UTOybYm5pvG1psI84dMhPGbbz\/GwoaSwPyQUiL+jT7xRtwHOOBXXXqEnFDjOgBnHxIpZ4IgbtkCCE+FZCZrqtrexaIenmJemUgS8psz0m\/fjHnPfGGxC45dAfiMBRgTupzgBg+TOg+M4F4P5Q2b8C2jLaKuoopkZnU7igZJqxxDB+7HmUjETLGus2Ro8PyRWGoLnlPz6AUWF9F3xKrwG6UhTWhFk3Dr3YuBHK7RtN2Sb8nInY6wAcgb5DwrDQtr\/6HE830OvBSIdg+ID0TOblYyAgGvrW5gbXkYvX++osyJp+s\/XhWgp1AKo\/K4NgOJoUkV+GoPpYlTO2f\/tiq8JnFgU6XaRi6W0fD9xfvoTpMTqIUv0qEkgZZZhe50qvNK46ZjAkTvfs2wReaa0EA8bkSlsZPrRDEnGaAWe+\/RGBsjcKPjp2STo4GnIn\/WO3J28qOvGicLNMHBKEV9YAEZLSNPC46TegOc6HcexrX+u0auc1Xe2GiXhY5XEDjTpl5YxHrBauV+tyqcL7+fnNowHN\/pIpRV\/FJO3YyRQY8jrAtti+nkEvU\/rnyBiVkW015quyA2E8IRr8JmFnv8N4hrkr22m98cJOkCGn+czSfJc7UmR6ntXet93bUeeuc2qg9EEvmoKd12DPHwTb0QsETDbe924JKDJ0R2Tnm0Z5+SGSfb6ltJ97Cg0DaOZnbmZPf3irswZ6V2SJyV+rO7ajsAcNdPN6s3+EsUhax1VQCPKi73KzqhBzJ6DAsRSkRNInd0ai90Njhvq8ZgUR8162xnH9KwxyKU0PaTV+ezwpRkvJMPfRHnJ8Lg0L8gUvzmKrB3iOH0OoPDUpVl5N5EXaGHLrdV56tqRABuk81NCQa4yGl6ln\/YcnFjEt6PIh9BqTGO1npmHpGpXWyWPuitx3M3YbWCQ6mm6I2DLVn4RaVsRB3FCt0TJl0ox0xmkUMveDf8M1Ze9oXbfhJQH9WvC2BlXNYB3RLmcUXs97ZYm8O06PCsHOiosbEpyrDgcXrvcA7\/FAjatXYCw3hCd1dOyIbvnvVN2Z5kDD\/6fpc1F7wlgMDb5sFn2JgEC7CFtIwBRHfo3KRTP36LjdtcaAdy3KKX6z6\/dIYCqLfFXHC0NagQieDqROrkOSqFFqMLYE3\/5Ai8vZHvKxluqAA3uejp1T\/tp99RZ9HYiFkWqEGxD4ABT3bHh3yptPDq3vK8uySBV1X6brK+hqTFx1jx\/k2id+oBw5WaRkYjlAKVOT9K01sZjOJjKKdWlsPIe6JOFPk6wthZKaBwZi2QGOQCTG0ZECSykvZG0qnhZiYzxX0hax9NRgeYwQIxUYdjyYXH3yS12r3Bu8nnr1kUWZQvwP8DCseDydg\/fqddR5dmM7cSk04jo2y0QrWZqCp+ocaSI4lsBgfVI7J87gV084yCXTAwYfVrp0bSmqrj2O6dwIrLVel1EiAv\/6G4ctLnkqw30plqBQO35eDFPn9P\/Llpd9hk+oj7p4FGK085oNBhEh8UhkmgFyJelaZBir1POuwBiG7w8KKvqH8MNSPA\/Q5M7Y6HfCCNkf9nAIkApehj9jNph+b3LD28eLitQUWkElsdVeqpzHPdHYdEpGHu4PfZ7W+P5cjg5cU0RCojkfqWHzNr7ThFR1HL3oUyWl0woHxE8Vqcgkg0nRG0mCPz4aOK5DF1PXsDMR9N51T4p46fPeYJhcQ1d9tkvcEC4MZhtoxlxIpXEuvduPDOHQIYkyoq946\/jm\/aqRsNgGyqe5+8oauCnaZEMtmKUn5Dq45jBuZOaB1SBnPZUjNlqrxLnSS8jVKqzMo5gyEcfVtSkYauj64+P6R6Bp6mKrU25lKxVb46aXVwpJEVpNr769pPRDMqlfQuzjwuttp+A\/hFzGWKCb7myVyGLv0pkbeuUwtayTe4Cegvpn+NAtVpjRWEk5CUWVlaE0Kj4hi81UW2KpHMd6acMl2s7616wIIetx0k6ZjDzgQfJN6fkITJM7DAOZyIW0\/lPoAokK7a+VlCps9Qqdpo5N1+SOM07e4RPHLvPCN3irCKQnfnChjryM5TN6nH2s+YB2nPGXSpMmfjbjBQKbQFhWjhZDEOwgzUFL0rg0KWPsJKx2YEDDIU3KiMq3W0+RxOjVD659lhjT3PcRY+dBSJRaJpicvKv9YPodxCACI8yPoiu7IgwPC3xg2blpwUR\/ZmqtIKDBKDUfDsOqrzZ1q\/vTt\/I8sfZQpdObENWC8J1iJL2z\/UQE8ZMa1YMF\/oVlxK67BuA7v5POXphajZosFR2D5RRg7zlBBMFHKimFQxtbaaFH4djI0d1KTFkAnxXtwftItCtVhYm6ijEd\/0fen0w5202lBTIeKXqlHL7jZ+nTd7suT1rwMdJGPcbbrahld5Sy0IzzPvPps2kb3KPcL4iyFWWp8I6Ut7ahPTfG+3F3lhGhrPCRngT\/xGmL3w5YODaSRoOMqp+1HGcV8tLRTVz0mUIqathy3TXwrU1ih0UJbspEUWbVBPVr2UI+LcyGm3irtAhCCior+LNrtnqizziI+KXsQ6BnSym+zDEZAz1i6Iie3Fnnvo6RpAK\/irNxHc1MVYgahW5okfVqFlCGZTXt4XrXMbneSOa\/KZrxE19go6NRZKyEfMP4YnCBIPxY+3FQQ0N7NiPjSufNFpGWBP6qvDHsu5ucuz+9c5v5Bp\/yt9zEzhU1g0wC2cJEz+UV64BfFWAWvbBynHr9IASIG9kTkZSL3R8CPuR\/Is0u9wt6paNr2Nlzq121zo\/GZFPLDAOw+cY5kM7eN2kJn0bvJI9W93esYFYNGMjbJ2VknysABlZilWvN2BzF+bmiWKArFxHCZyJvs8JeBZHG0xK1+OuUN1rRiQeQI8XayeWz2jh6l\/mO5MgdXi8gbC7J4M+oWmgiJtFDojAshRIWF2aVFKl0NJ8sb\/la49dRp0GYQvQbzBxazIcp4l4LA9d5mSyYh3hsanESaqiOiDxebQcrr5sIZKH6Oj27uKgrd6IuEyLDGUtgqz4zYcIZVXxU7PgKQuVT4XuVzrfWwAMhYc5vaL3UgYV7aIeN+h5KV4\/p3Oqzmv+TGaGh8EidlLAP\/ZzNuCYveXFRdOebYaObiWK77XBY\/5W5VFBHJVOryiguZ6Yv8K0WnsogN5KiNso6FfdeCkTFythRzQUPEu\/SunduBL5XDctiI\/BlfOzEmoMRCvmZXuDrLeMaUEukLSbxMs5GqXLI0d\/Eoi0NcqUcTfIH65nxOuDEAJJIjVSOerRWPdgNWCipQ3Vyg8pndfz4J48ji1KT6whWmAIMTmItrRgnf40cjiC9BNszdBHtpR6k0vijEnwheqt2NwGuCHUaECv309lHU\/II4mPyGVdHfQ4RoNvQvio+OpkC\/XFPiwxrbS\/RxzHYmGyxknkU8YHfQxzsPAET8jwCCCXODDvAULQYd6NW4zbKCfDehsRpxlY2KOjE\/nTGwTtLseJruGJ2\/3JfevcviW\/xukrDOILp6\/tlb5mu+JJ1IQrz6sT05+bjIPmtqkeLzHTOVmSetvXNRnLvxsFWanIC\/RETNktKHrfB3dbYShRu8CzbfRZwXDlqn\/J\/qcGiR\/zeqa82TSHdTQh6Efnhl7VOBa\/U1uJ0ogrndMWIx410NhTiix762HDEB6JbmeMH9K54j7\/ID5SUcxv+GRvnCMRwzQn2xIZZMzu5g1Y1j1FTb7jJ2aiy8wC32sRGvey+8HD3k0oeZTLSJC\/XptDv\/rkz9\/tMeEbODH16956qf9BaeEVrsBiLfWJC12N00YZ8Bzw1IFr71UzVI8TOHoeZf\/CukWYRGQc0Wnp3gFMJqD1VgmlS+8uc4mxOVC\/tBvIL+6xZlfzYpnwtYs7fKMIo9CHd4Sj92tgThS0pCWM\/7VGLOHSguK09s3IWQorXbhE7\/u44XeA0MdqNhP3TXLY8BwLOdWS4HwP4sbwk9Jnh2\/m3vrZGEIKor7uZvmPep+pE1WxysthgrEmNZIn3Q7UFcEipKyp5ZcdN5YXOx9h20xSvdt0UsRgqQRyE2r0GzWK59cW1FYq8u5dnfEZsL8r344pVKhhMaxaeTBqigL94dUBL6kpJCYSrrnsgQkkK\/m98Ej6OH5BVq\/lSx0KzxD90FGKJ1F2mVSGAJ4pn\/ftd2ekZ5nxjLwOshsOy6zgUMwpuryp4k8E\/qp5jIlmQUjuYJlOlBwx9\/iAqcTKPVUj3XJN0KQ+WwYe2IEdgTShgntlLZM8AsZUhQJmUA0w8kDFQYX9MWBm1cRg7+4KiZg+IyVtRUlSWPEIdBnBMH9hcpH1ItN+nCKwjQ6RfrDrZmzmrb6k1F4j5vR5sOyFdn4tWHl945fe0AaWu83PmuRhyIodPs2s8DrIJYi7oEb55FvNLs+aljCvhMknY9TGcYxsoQrVefCT9AVdWdjsUCu\/0L7pbwimXncJYaQmimVI3iFuv9mV4r0zlTeFh41mfHFm3v5ub9axzEfINt0DXT1Wlye0ytFAJ7qf2leCf0sSc\/LS9a9vd6Csf0yBM2uzhZE8OqUuKc3GDEccgzDa4LeNLm9hoTZB1iLlwTM073+K03+qO7X1RJvOxkmfoJsPh7HZ9r05s+th1+z7PusefG8YbFIFoRubj6H\/IBozSEIvGyKkKBLDLaJ6W9t\/zaimHMU0cOMxeQxSCQuV5ThOS0yHWKotkCMoX9aOmeM6TiXhfayi3woWBRf6aeXdtJRZ3Y\/vJQN+cYGVXN8QVTcUw7zpZ4e0SDgbhwo7xnpn+pnRzP5piEXG0jcS7ZsSlhePg5CSXL\/knc\/9JD7bCeJvAl5lVb2LK0L47YXcs3KlXpGF8PN\/BEqSkxTl4xZzepROAJw343oEzzvWf8DL1xGIFHd7iqjnL56fts2VgrRKwgEjgJb3XlrSlj5V\/HU6xjg3MFJwUDESVq4+nay97WFxLq1TJw2vQAYKQXtMBfS7xzmUl8\/0BQfMajiUnxbQ\/\/TwzcmJ+\/xctngeAxRFYyNCoFfm90aKuBhOLEMQTMSG0M+dJeGQE1yNVx\/YoE+eAJs+oLTsN+FF91aE48Fr2R8AkPP5IB91aV15fN0kZbwbQZHnMreD9mRxXyxBlNP+4IDeSjdmjqXLUx23G8kenR4oET8W4oIdt2Hq0shxkDZGiOqkJVTg\/TtypSP08cBAVy+FsiR1CRwnqMckSFCW8YDA9290W3aciDqdJ2cz9Y2yh2MDDfomjj6hm1nBCtJC\/ufUeXlFjz6\/a7lPIXFJVkqslqrnsaLGIAtrbZN2zRs9fKrtpaE034vOIRPAJvNRMW6JAoCfNFddMIJzx6gHTYyHuWtzTdgantImCKYZLp9ys18VVBtSohVKNNPBhUyndO8afU9Ir5rd0whyM8wTRHr2ae7bZrt91aihMQG\/RuvWjyHVMIqmWwE7AKh1t4l1B0dMi+T5DvWe4MuRQwQKOe6kOMuBQQkjLqhgB6fIyELLFvruGn7lembIFgu+K55vWCq1QtXf+zCzg10kdtDx8F\/fHJ4GaYwGuOme6xjKZOLa7Z5ELT5G94CT+uCPl4kMCAFSW089QLb5ueufOxnvuD2JP\/k3EnwoT1c73YGRa9blGXQs3R4+18Kd+ZJ5oRAfSUa4fG6UNYpFW3BZR4x8ax4pOY98uMpaC87eVYq03d0oIIwjjNwdg5\/i8DQw0PDcPbfaIGVXwTwmuM\/XHWBlumZRhWwBAOD2yhRdTLt85DnRh8ap5nvTungrsFiosKI\/7RDsDExUubMgbvzR9OeMMUlr\/XOf2fshVhHv2pHBfVcwh4UCVuXFL8dbDHnqNEFMoHmDtEqYrl+cbokOAVlinTA6LehMCJzvvbPiUCwzy6raYxWqe22jTooAb5wHxP92sFu0hi2hEY\/AtmcYpVFZYULtHTQ6\/K37tRKRlv59FDo9QEjEty1gmFDeVWnJ7r26wdNwL\/VI7SQqvyaF9t0zVJi4dH0\/\/2J6ZhyJ+EJWsXqSXT16dSV\/PdximirKfTeHWmltZcGb1aWx5WuUxBDhCul72EEAet34irNbwRDOrF6SyEaLsrl9Nu2rZUhRfUliy2LEXmomIlGJjA=","iv":"0d897d8e14c262907c1c29a7c7c1a43b","s":"26bcd460fd520d13"}
Share your thoughts. Click here