IKEA hikes prices as much as 50 percent – warnings others may follow

“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 in the UK vary, the average increase is 10%, in line with the global average of 9%.

“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.”

source: express.co.uk