Market demand and supply
Like so many goods in this inflationary period, there has been a significant increase in the price of luxury items over the last 12 months. An example of this is Champagne which has increased in price by 20 per cent since 2019. This does not, however, seem to have adversely affected the demand for Champagne where sales are expected to hit a new record of more than $6 billion worldwide this year. An increase of 32 per...