Ikea has implemented an almost double-digit increase in prices, with some items being increased by more than 50%.
‘Since the start of the pandemic, Ikea has managed to absorb the significant cost increases experienced across the supply chain while keeping prices as low and stable as we possibly can. Now, like many other retailers, we have had to raise our prices to mitigate the impact on our business,’ says the chain.
‘Price increases vary but remain in line with what we are seeing globally at Ikea, which is approximately a 9% average increase across countries and the product range. Affordability remains at the heart of our business, and our focus will always be on continuing to offer quality, sustainable home furnishings at an affordable price for the many people.’
The group had warned in November that it was likely to have to raise prices.
Although the average increase is 9%, some items have been increased by substantially more. The Malm desk has gone from £99 to £150; a Jokkmokk table with four chairs has risen from £99 to £149; the Hemnes daybed is 30% more expensive at £279; while an Alex nine-drawer unit increased 35% to £115.
According to figures from the Office for National Statistics, annual inflation for household furniture rose from 11.3% to 12.2% in November 2021. In November 2020 the rate was just 1.1%.
