Louis Vuitton will adjust prices for select products in China from February 19th, averaging a 6% increase. The Carryall handbag's price will rise from 20,500 RMB ($3218.5) to 21,500 RMB ($3375.5). Jean-Jacques Guiony of LVMH stated that 2023 wouldn't see a uniform global price hike, but regional adjustments would reflect inflation and cost changes. This third price rise in China within a year highlights LV's responsive pricing strategy to market shifts.