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Luxury Thrives Even as Consumers Feel Effects of Inflation, Rising Costs

Luxury brands including Hermès, Louis Vuitton and Fendi continue to sell their most expensive products, despite an ongoing, global cost of living crisis.
The exterior of a Louis Vuitton store.
Louis Vuitton store. (Shutterstock)

While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000 Hermes handbags as soaring prices leave wealthier people relatively unscathed.

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