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If high altitudes make you queasy, brace yourself for this story of soaring Chanel prices. The 2023 Chanel price increase is here, and we’ll unpack it for you. If a Chanel price hike seems like déjà vu, you’re not imagining it. The last price jump of 9% came in August 2022. Now we’re seeing double-digit increases up to 18%. So, if you’re planning to purchase a Chanel handbag, don’t wait. We can expect another increase before the end of the year! Philippe Blondiaux, Chanel’s chief financial officer, has said, “We usually revise our prices twice a year. That’s what we’ve always done and will continue to do.” So, why does Chanel increase their prices? How high have they gone, and is there an end in sight? Most importantly, what is the 2023 Chanel price increase for your favorite bag? Understanding the answers to these questions will increase your