(ANSA) – STOCKHOLM, 31 DEC – In 2022, the Swedish furniture giant Ikea will be forced to increase prices by an average of 9% in the face of persistent shortages and costly transport problems occurring 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 “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 sharp acceleration in inflation around the world, driven by the profound disruption of distribution chains and the shortage of essential products for international trade.
The phenomenon was accompanied by a surge in the prices of raw materials (wood, copper, steel) and energy (petrol, gas, electricity). In the euro zone, inflation reached 4.9% over one year in November, a record since the introduction of the single currency in 1999. In the United States, the increase in prices was 6.8% last month compared to November. 2020, its highest level in 39 years. (HANDLE).
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Source From: Ansa
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