CDMX is the most expensive city to buy bags and shoes

The 5 most expensive cities to buy women’s bags

1.- Mexico
2.- Sao Paulo
3.- Jakarta
4.- Singapore
5.- Shanghai

The 5 most expensive cities to buy women’s shoes

1.- Mexico
2.- Jakarta
3.- Bankok
4.- Taipei
5.- Singapore

According to the report, in the last year, in Mexico City, prices of handbags for women for local buyers increased by 19.5% and 27.2% for foreigners paying in dollars.

While local shoe prices increased 1.4% for local buyers and 11% for those buying in dollars.

“Overall, local currency fluctuations played a major role in determining this year’s index changes, both upward and downward. Although costs hardly changed in local currency, the conversion into US dollars (USD) made a difference,” Julius Baer said.

“Index prices are converted to USD to allow for international comparison. Therefore, the strength of currencies such as the Swiss franc and the relative weakness of currencies such as the Japanese yen are clearly reflected in the results of these cities in USD terms,” ​​the report said.