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Luxury prices drop for first time in a decade: report
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Luxury prices drop for first time in a decade: report
The prices of premium goods and services dropped for the first time in over a decade in 2024-25, according to Julius Baer's 2025 Wealth and Lifestyle Report. The Swiss private bank's virtual shopping basket, which tracks luxury spending across 25 global cities, recorded a 'quite exceptional' 2 per cent drop on average in US dollar terms. The premium index of good and services used to measure how HNWs can live 'extremely well' includes business c…
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