
The big news in fashion this year is volume, massively so in skirts the shape of parachutes, billowing Empire waistlines and oversized shawl collars. Yet another way that fashion is expanding is in the prices of high-end designs.
After years of relatively modest increases in luxury ready-to-wear, the prices of well-known items like a Chanel tweed jacket or a Giorgio Armani stretch wool pantsuit have spiked recently, largely because of the weakening dollar, which has declined about 30 percent against the euro since 2002.
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