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What inflation is doing to luxury buyers in China, US and the EU

January 19, 2022

Rising prices have only added to inflation worries, and consumer attitudes and purchasing behaviors are starting to affect luxury buyers worldwide. Image credit: Shutterstock Rising prices have only added to inflation worries, and consumer attitudes and purchasing behaviors are starting to affect luxury buyers worldwide. Image credit: Shutterstock

 

By Adina-Laura Achim

Right before the holiday season, Federal Reserve Chair Jerome Powell shifted his position on inflation, saying during a congressional hearing that it is time to retire the word “transitory” when talking about inflation.

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