Luxury Price Increase 2024. Luxury watches tend to increase in price each year, sort of like inflation. If we look at historical data, the average annual price increase is closer to 5% which means that the speedy 30 could potentially cost $1450 in 2022.
Instead, inflation — which the imf forecasts will drop from 6.8 per cent in 2023 to 5.2 per cent in 2024 — is likely to drive prices up again next year, albeit at a. The report notes that the fourth quarter of 2024 will be affected by “ fragile consumer confidence, macroeconomic tensions in china, and sparse signs of recovery.