There’s also going to be a non linear response. The sort of mid-tier luxury that one million can buy will be at the end of a chain of value added services and b

There’s also going to be a non linear response. The sort of mid-tier luxury that one million can buy will be at the end of a chain of value added services and basic input goods, all of which are being squeezed by inflation costs. It’s also easier for luxury goods to raise cost faster than inflation as a hedge against future inflation