Ikea blames price hikes on Covid supply pressure


Ikea has raised prices on some of its key product lines by as much as 50% as it warns that cost pressures triggered by Covid-19 have impacted its supply chain.

Ikea has increased prices on its flat-pack furniture after it warned at its full-year results in November that higher transport and raw material costs may need to be passed on to the consumer in the year ahead.

Customers have complained that Ikea’s prices rose sharply after Christmas, which a spokesperson for the retailer has confirmed.

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