“Unfortunately, for the first time since cost increases began to affect the global economy, we will have to pass on some cost increases to our customers,” said Ingka Group.
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In 2022 the Swedish furniture giant Ikea will be forced to increase prices on average by 9% in the face of persistent shortages and costly transport problems in the global economy. “Unfortunately, for the first time since rising costs began to affect the global economy, we will have to pass on some cost increases to our customers,” said Ingka Group, the holding company that controls 367 of IKEA’s 422 stores. that is over 90% of its stores.
According to Ingka, the main increases in transport costs and supply prices “they are mainly felt in North America and Europe”. “The Ingka Group’s average increase will be 9% worldwide, with variations by country in the group and by range, reflecting local inflationary pressures,” the group said. Ikea ‘s announcement comes in a context of strong acceleration in inflation around the world, driven by the deep disruption of distribution chains and the shortage of essential products for international trade.
The phenomenon was accompanied by a surge in commodity prices (wood, copper, steel) and energy (petrol, gas, electricity). In the euro area linflation reached 4.9% in November over a year, a record since the introduction of the single currency in 1999. In the United States, the rise in prices was 6.8% last month compared to November 2020, its highest level in 39 years. (HANDLE).
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