Louis Vuitton Price Increase 2020

Two price increases already in 2020… For a second time in 2020 Louis Vuitton has increased their prices. Just in March, Louis Vuitton has announced a 3 percent Worldwide price increase. However, on May 5th, they absolutely shocked the entire luxury community by announcing that prices are going to be increased Worldwide yet again.

Over the years, we all got used to our beloved brands increasing their prices. In fact, it’s totally normal for brands like LV to increase their prices on an annual basis. Usually, we don’t feel the price changes that much. However, over the course of last 8 months, LV had three price increases! Yes, you heard it right, not one, not two, but three! Some items, over the course of less than 8 months have cumulatively increased in price by a whopping 20 percent! In this blog post, I’ve decided to research some popular LV items and their prices in 2019 and today (after the most recent LV price increase).

Louis Vuitton prices have increased for up to 20% on some items

First item that I would like to discuss is the Pochette Accessoires. Probably, the most popular Small Leather Good from Louis Vuitton, the Pochette Accessoires in classic Monogram Canvas is extremely difficult to come by in boutiques. The LV Pochette Accessoires was really popular among starter luxury buyers due to its reasonable price. In September 2019, it retailed for $525. However, in just 7 months, the price of the Pochette Accessoires has soared full 20%. Today it retails for $630 in the United States.

Another Louis Vuitton item that has jumped in price for 20% since 2019 is the Multi Pochette Accessoires – one of the latest LV “IT” bags. The Multi Pochette is the hottest and most hyped up LV item right now. Nearly every major fashion blogger and influencer has it. Since its debut in Fall 2019, the Multi Pochette went through several price increases. Initially released at a $1,550 retail, after the most recent price increase it is now $1,860.

Next, I would like to mention the Toiletries 15, 19 and 26. These three SLG’s are also extremely popular items among Louis Vuitton aficionados. In fact, I have never seen them in stock. The Toiletry 15 went from $355 to $415 in just under 8 months time. Toiletry 19 used to cost $400 before the 2019 price increase, but now it retails at $465. Toiletry 26 went up from $445 to $520.

Finishing up a discussion of price increases of Louis Vuitton SLG’s with the Mini Pochette. Many consider the Mini Pochette the most worth-it designer SLG. The Mini Pochette is perfect for carrying smaller essentials, like makeup, headphones and etc. Since 2019, the Mini Pochette has soared in value for over 7 percent. The Mini Pochette is Classic Monogram Canvas now retails $365.

Now, how about the classic Speedy and Neverfull bags? Speedy 25, 30 and 35 have increased in price for over 8 percent since September 2019. Today, Speedy 25 retails for $1,140 in the United States. Arguably, the most popular designer tote, the Louis Vuitton Neverfull in the MM size now costs $1,500, that’s a $110 jump in price since last year when the bag used to retail for $1,390.

Our beloved Pochette Metis has also suffered a substantial price increase. In 2019, The Pochette Metis in Classic Monogram Canvas could be purchased for $1,830 in the United States. But now, it is being sold at $1,980. That’s an over 8 percent price increase. Pochette Metis in Reverse Monogram went up in price too. The bag used to retail for $1,880, but now it goes for $2,050.

Prices of popular Louis Vuitton Items in 2019 vs. the most recent price increase (May 2020)