Ikea hikes prices by up to 80% blaming ‘surging’ transport and material costs

Ikea hikes prices by up to 80% blaming ‘surging’ transport and material costs

The furniture giant posted record-high revenues of nearly £40bn this year (Picture: Nambaman)
Ikea has admitted its cut-price ethos is under strain after some products were found to have become 80% more expensive in under a year.
Price growth on more than a dozen items has outstripped inflation by at least twofold since December last year, according to a new study by Retail Week.
They include the…

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