The long-rumored Chanel price hikes have finally hit. Ranging from 2.8% to 8.3% these spikes move the Chanel Classic flap line further over the $10,000 line.
Just look at the Chanel Medium Classic Flap, which Chanel has reverted to labeling the 11.12. It now lists at $10,800 (up 5.8% or $600 from $10,200), putting it $600 less than the Hermès Birkin 25 in Togo, for those of you wondering how they compare. The price of the Chanel Jumbo Flap increased 6.3%, taking it to $11,700 from $11,000, and Classic Maxi Flap rose $800 to $12,300.
Read:
Chanel Renames Medium Classic Flap Online and in Website
The Birkin Premium Returns to Double Digits in 2024
To be fair, Chanel warned us price hikes were on the way. In an interview with Women’s Wear Daily released around the time of Chanel’s Fall/Winter 2024 show, Chanel President of Fashion said there would be an increase “fairly soon,” necessary to cover Chanel’s costs.
Read: Brace Yourself For Another Round of Chanel Price Increases
If you recall, the last time Chanel increased prices in the United States, in March 2023, the price for the Medium Classic flap rose to $10,200. It was a 16% hike from $8,800 and officially took the cost into five-figure land. Approaching Hermès territory but not quite hitting it.
Read: Breaking News – Global Chanel Price Increase 2023
While Hermès customers were surprised and dismayed by the size of Hermès’ January 2 price increases – a far cry from the formerly typical 1-3% annual increase – the latest by Chanel, in the US and EU are in a similar range. The underlying message may be that the cost to produce these designer bags has risen about 6% generally.
Read:
New Confirmed Hermès Prices in Europe 2024
So, before you scroll to the full listing of new numbers below, you might want to have a seat and protect yourself from some sticker shock. No doubt even the most ardent Chanel fans will be wondering “is Chanel worth it?” And the fashion debate of “which would you rather” between Hermès and Chanel, is sure to rage on.
US Prices
Here are the updated confirmed prices in the US for the Chanel Classic Flap
| Chanel Classic Sizes | Previous Price January 2024 (USD) | New Price March 27, 2024 (USD) | Price Increase (USD) | Increase (%) |
| Classic Small Flap | $9,600 | $10,400 | $800 | 8.3% |
| Classic Medium Flap | $10,200 | $10,800 | $600 | 5.8% |
| Classic Jumbo Flap | $11,000 | $11,700 | $700 | 6.3% |
| Classic Maxi Flap | $11,500 | $12,300 | $800 | 6.9% |
| Classic Mini Square | $4,700 | $5,000 | $300 | 6.3% |
| Classic Mini Rectangle | $4,900 | $5,200 | $300 | 6.1% |
| Classic Wallet on Chain | $3,350 | $3,350 | No increase | No increase |
Interestingly, while some of Chanel’s bag prices have remained untouched by the latest hikes, others haven’t been so fortunate. US fans of the Chanel 22 and Classic Wallet on Chain (WOC) can breathe a sigh of relief, as their price remains steady. In the UK, the mini rectangle flap price rose €250. However, Chanel’s other sought-after lines, such as the 19, Trendy, Boy, and 2.55, have all been affected by the recent increases.
Here are the updated prices in the US for other handbag styles.
| Chanel Bag Style | Previous Price January 2024 (USD) | New Price March 27, 2024 (USD) | Price Increase (USD) | Increase (%) |
| Chanel 22 Mini Handbag | $5,000 | $5,000 | No increase | No increase |
| Chanel 22 Small Handbag | $5,500 | $5,500 | No increase | No increase |
| Chanel 22 Handbag | $5,800 | $5,800 | No increase | No increase |
| Chanel 22 Large Handbag | $6,300 | $6,300 | No increase | No increase |
| Chanel 19 | $6,400 | $6,600 | $200 | 3.1% |
| Chanel 19 Large | $6,800 | $7,300 | $500 | 7.3% |
| Chanel 19 Maxi | $7,500 | $7,900 | $400 | 5.3% |
| Mini 2.55 Handbag | $4,900 | $5,200 | $300 | 6.1% |
| 2.55 Handbag | $10,200 | $10,800 | $600 | 5.8% |
| Large 2.55 Handbag | $11,000 | $11,700 | $700 | 6.3% |
| Small Boy Chanel Handbag | $6,100 | $6,400 | $300 | 4.9% |
| Boy Chanel Handbag | $6,600 | $6,900 | $300 | 4.5% |
| Large Boy Chanel Handbag | $7,000 | $7,300 | $300 | 4.2% |
| Flap Bag with Top Handle (Trendy CC) | $6,900 | $7,100 | $200 | 2.8% |
Image courtesy: @sannainspiredbylove
Canada Prices
Here are the updated prices in the Canada for the Classic Flap.
| Chanel Classic Flap | Previous Price January 2024 (CAD) | New Price March 27, 2024 (CAD) | Price Increase (CAD) | Increase (%) |
| Classic Small Flap | CAD $12,275 | CAD $13,425 | CAD $1,150 | 9.4% |
| Classic Medium Flap | CAD $12,800 | CAD $13,975 | CAD $1,175 | 9.2% |
| Classic Jumbo Flap | CAD $13,850 | CAD $15,050 | CAD $1,200 | 8.7% |
| Classic Maxi Flap | CAD $14,650 | CAD $15,875 | CAD $1,225 | 8.4% |
| Classic Square Mini | CAD $5,950 | CAD $6,450 | CAD $500 | 8.4% |
| Classic Rectangular Mini | CAD $6,200 | CAD $6,725 | CAD $525 | 8.5% |
| Wallet on Chain | CAD $4,225 | CAD $4,225 | No increase | No increase |
Here are the updated prices in Canada for other handbag styles.
| Chanel Bag Style | Previous Price January 2024 (CAD) | New Price March 27, 2024 (CAD) | Price Increase (CAD) | Increase (%) |
| Chanel 22 Mini Handbag | CAD $6,525 | CAD $6,535 | No increase | No increase |
| Chanel 22 Small Handbag | CAD $7,250 | CAD $7,250 | No increase | No increase |
| Chanel 22 Handbag | CAD $7,650 | CAD $7,650 | No increase | No increase |
| Chanel 22 Large Handbag | CAD $8,250 | CAD $8,250 | No increase | No increase |
| Chanel 19 | CAD $8,050 | CAD $8,825 | CAD $775 | 9.6% |
| Chanel 19 Large | CAD $8,850 | CAD $9,625 | CAD $775 | 8.7% |
| Chanel 19 Maxi | CAD $9,700 | CAD $10,525 | CAD $825 | 8.5% |
| Mini 2.55 Handbag | CAD $6,200 | CAD $6,725 | CAD $525 | 8.5% |
| 2.55 Handbag | CAD $12,800 | CAD $13,975 | CAD $1,175 | 9.2% |
| Large 2.55 Handbag | CAD $13,850 | CAD $15,050 | CAD $1,200 | 8.7% |
| Small Boy Chanel Handbag | CAD $7,575 | CAD $8,275 | CAD $700 | 9.2% |
| Boy Chanel Handbag | CAD $8,375 | CAD $9,150 | CAD $775 | 9.3% |
| Large Boy Chanel Handbag | CAD $8,850 | CAD $9,625 | CAD $775 | 8.8% |
| Flap Bag with Top Handle (Trendy CC) | CAD $9,075 | CAD $9,350 | CAD $275 | 3% |
Image courtesy: @hauteatheart
Europe Prices
Here are the updated confirmed prices in the Europe for the Chanel Classic Flap.
| Chanel Classic Sizes | Previous Price January 2024 (Euros) | New Price March 27, 2024 (Euros) | Price Increase (Euros) | Increase (%) |
| Classic Small Flap | €9,300 | €9,900 | €600 | 6.5% |
| Classic Medium Flap | €9,700 | €10,300 | €600 | 6.2% |
| Classic Jumbo Flap | €10,500 | €11,100 | €600 | 5.7% |
| Classic Maxi Flap | €11,100 | €11,700 | €600 | 5.4% |
| Classic Mini Square | €4,500 | €4,750 | €250 | 5.6% |
| Classic Mini Rectangle | €4,700 | €4,950 | €250 | 5.3% |
| Classic Wallet on Chain | €3,200 | €3,200 | No increase | No increase |
Here are the updated prices in Europe for other handbag styles.
| Chanel Bag Style | Previous Price January 2024 (Euros) | New Price March 27, 2024 (Euros) | Price Increase (Euros) | Increase (%) |
| Chanel 22 Mini Handbag | €4.950 | €4,950 | No increase | No increase |
| Chanel 22 Small Handbag | €5,500 | €5,500 | No increase | No increase |
| Chanel 22 Handbag | €5,800 | €5,800 | No increase | No increase |
| Chanel 22 Large Handbag | €6,250 | €6,250 | No increase | No increase |
| Chanel 19 | €6,100 | €6,500 | €400 | 6.6% |
| Chanel 19 Large | €6,700 | €7,100 | €400 | 6% |
| Chanel 19 Maxi | €7,350 | €7,750 | €400 | 5.4% |
| Mini 2.55 Handbag | €4,700 | €4,950 | €250 | 5.3% |
| 2.55 Handbag | €9,700 | €10,300 | €600 | 6.2% |
| Large 2.55 Handbag | €10,500 | €11,100 | €600 | 5.7% |
| Small Boy Chanel Handbag | €5,750 | €6,100 | €350 | 6.1% |
| Boy Chanel Handbag | €6,350 | €6,750 | €400 | 6.3% |
| Large Boy Chanel Handbag | €6,700 | €7,100 | €400 | 3% |
| Flap Bag with Top Handle (Trendy CC) | €6,600 | €6,900 | €300 | 4.5% |
UK Prices
Here are the updated prices in the UK for the Chanel Classic Flap.
| Chanel Classic Sizes | Previous Price January 2024 (GBP) | New Price March 27, 2024 (GBP) | Price Increase (GBP) | Increase (%) |
| Classic Small Flap | £8,180 | £8,510 | £330 | 4% |
| Classic Medium Flap | £8,530 | £8,850 | £320 | 3.8% |
| Classic Jumbo Flap | £9,240 | £9,540 | £300 | 3% |
| Classic Maxi Flap | £9,760 | £10,060 | £300 | 3% |
| Classic Mini Square | £3,960 | £4,080 | £120 | 3% |
| Classic Mini Rectangle | £4,130 | £4,250 | £120 | 3% |
| Classic Wallet on Chain | £2,810 | £2,810 | No increase | No increase |
Here are the updated prices in UK for other handbag styles.
| Chanel Bag Style | Previous Price January 2024 (GBP) | New Price March 27, 2024 (GBP) | Price Increase (GBP) | Increase (%) |
| Chanel 22 Mini Handbag | £4,350 | £4,350 | No increase | No increase |
| Chanel 22 Small Handbag | £4,840 | £4,840 | No increase | No increase |
| Chanel 22 Handbag | £5,100 | £5,100 | No increase | No increase |
| Chanel 22 Large Handbag | £5,500 | £5,500 | No increase | No increase |
| Chanel 19 | £5,360 | £5,590 | £230 | 4.3% |
| Chanel 19 Large | £5,890 | £6,100 | £210 | 3.6% |
| Chanel 19 Maxi | £6,460 | £6,660 | £200 | 3.1% |
| Mini 2.55 Handbag | £4,130 | £4,250 | £120 | 2.9% |
| 2.55 Handbag | £8,530 | £8,850 | £320 | 3.8% |
| Large 2.55 Handbag | £9,240 | £9,540 | £300 | 3.2% |
| Small Boy Chanel Handbag | £5,060 | £5,240 | £180 | 3.6% |
| Boy Chanel Handbag | £5,580 | £5,800 | £220 | 3.9% |
| Large Boy Chanel Handbag | £5,890 | £6,100 | £210 | 3.6% |
| Flap Bag with Top Handle (Trendy CC) | £5,800 | £5,930 | £130 | 2.2% |
We will keep you updated as new pricing information unfolds.
Read related articles:
Chanel Speaks Out and Hints at Further Price Increases
Breaking News: Chanel Price Increases are Happening Now Internationally
Breaking News: Global Chanel Price Increase 2023
Are Chanel Classic Flap Prices Rising?
Chanel Bags Funded Actress Christina Ricci’s Divorce
Love, PurseBop
XO
Updated: March 27th, 2024
Comments
2 Responses to “Breaking News: Global Chanel Price Increase 2024”
This last price increase is hard to justify. Thanks God there is a Pre-loved market still offering Chanel bags for the affordable prices.
You’re all welcome to browse our Chanel collection online http://www.vintage-united.com we ship globally and guarantee authenticity of each piece listed.
Still all of us are wondering what is the real reason behind this drastic price increase…and we’re determined to find out.
It’s the Hermès Birkin 35, not 25.