Luxury market feels the pinch.
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But with prices still going up it is a good article to show clientco to justify your next rate increase. 
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Inflation in luxury goods and services has dropped sharply in the past year, suggesting even the wealthy are feeling the effects of the downturn.
The Stonehage Affluent Luxury Living Index suggests inflation for a basket of expensive items including caviar, cigars, champagne, jewellery, watches, cars, art, hotels and even polo ponies has almost halved to 3.3 per cent in the year to April.
The Stonehage Affluent Luxury Living Index suggests inflation for a basket of expensive items including caviar, cigars, champagne, jewellery, watches, cars, art, hotels and even polo ponies has almost halved to 3.3 per cent in the year to April.
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