Flatpack furniture specialist Ikea has confirmed it has increased the average price of products in its UK stores by 10 per cent due to rising supply chain costs.
The retailer said it has been forced to increase prices in the UK by more than the global nine per cent average due to “local market conditions”, including increased HGV and logistics costs.
However, analysis by the Daily Mail has found that some beds, wardrobes and desks have spiked in price by as much as 50 per cent.
A Malm chest of drawers has gone up from £99 (€118) in mid-December to £150 (€179) today – a jump of 52 per cent – a Hemnes daybed frame has increased from £215 to £279, and a Klippan two-seater sofa has risen from £199 to £229 – 15 per cent more.
The issue was first raised by customers online, who noticed the sharp increases after Christmas, with some questioning why prices had not fallen as part of St Stephen's Day sales.
Ikea responded in a tweet: “Unfortunately, there has been a significant increase in costs across the supply chain, including in raw materials, transport and logistics. As this is still ongoing it is necessary to increase prices across many of our products.”
A spokesman said: “The effects of Covid-19 continue to evolve and impact industries all over the world.
“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.
“As prices are influenced not only by the raw material prices but also by transportation, logistical costs and local market conditions, price adjustments differ from country to country.
“Whilst individual price increases vary, the average increase is 10 per cent in the UK, in line with the global average of nine per cent.”
