The Swedish furniture giant Ikea is going to implement price increases ‘in all product ranges’ worldwide. The price increase is on average 9 percent, but ‘with variations within the product range and from country to country’, partly due to differences in inflation levels. In Ireland, for example, local management admits that the average price increase is 11 percent, higher than the international average.
Products are also becoming more expensive in Belgian Ikea stores, communication manager Julie Stordiau confirmed on Thursday evening The standard.
According to Ikea, the general price increase has become inevitable due to the ongoing impact of the corona pandemic on the supply chain of parts and products.
For example, the supply of parts and finished products from Asia to Europe and North America has been very difficult for months. This has greatly increased the costs of transport and logistical processing. Ikea says it has “for a long time absorbed the enormous cost increases in the value chain without raising the prices of the products”, but indicates that this policy is no longer tenable. “That’s why, for the first time since the global price increases started, we are also raising the prices of our products.” (old)
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