*Disclosure: This post may contain affiliate links, which means that we get a commission if you decide to make a purchase through our links, at no cost to you. Read our disclaimer for more info. Have you been wondering about the Chanel bag price increases in 2022? Here is everything you need to know if you are thinking about buying a timeless Chanel handbag.

The prices of luxury goods often increase by a little bit every year to keep up with rising production costs – however, the recent Chanel price hikes have been a little different. The prices of Chanel bags have increased quite dramatically over the last year and we are going to explore why this is happening.

This article will take you through all the details of the price increase, why this increase has occurred, as well as top products from Chanel to get your hands on now.

Latest Chanel Price Increases 2022

Over the past year, there have been four price increases of Chanel handbags, with the latest one in March 2022 (exact prices of bags below in $, £, and €!).

Designer brands, including Chanel, regularly increase their prices a little bit to keep up with inflation and the perception of the brand, however in recent years, Chanel has made several dramatic price hikes.

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For example, the classic Chanel medium flap bag has increased by 60 per cent since November 2019.

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In January 2021, the price of a Chanel bag increased by 4-7%, depending on the style. Then again in July 2021, prices increased again, this time the percentage increase was in the double figures. Then in November 2021, prices of Chanel classic flap bags increased again, making the third price hike within a year.

Global prices have increased a fourth time; this occurred on March 3rd, 2022, although, this new price increase doesn’t seem to affect retail prices of these iconic handbags in the United States at the moment.