Why are Chanel Bags Expensive in 2023? • Petite in Paris

Let’s just jump right into why you came here, why are Chanel bags so expensive. In 2020, Chanel saw an opportunity with to “protect their margins due to covid” and seized the moment, by increasing their Classic Flap bags by 21%. But it didn’t stop there, year over year Chanel prices continued to increase.

Here is why Chanel bags are so expensive in 2023. Many people will argue that it’s because of the quality, the brand name, the craftsmanship. Sure, that all plays a role in why are Chanel bags so expensive. In my opinion, one of the key reasons Chanel bags are so expensive in 2023 because they are trying to become a more exclusive brand.

The second reason we see such an increase in Chanel price is due to the fact that they implemented a new authentication process called microchipping. Each bag comes with a microchip that can only be authenticated by Chanel. This system is expensive, and those costs are passed on to consumers.

The final reason Chanel bags are so expensive and continue to raise their prices is due to inflation. According to the US Inflation calculator, inflation has increased by 7% in 2021 and 6.5% in 2022. Chanel has adjusted their pricing accordingly. This is why many people purchase vintage Chanel handbags. Shop Preloved Vintage Chanel handbags.