IKEA Raising Prices Nearly 10% In Response to Supply Chain Issues
Our furniture budgets may be getting a little tighter…
Like many retailers, IKEA has been struggling with supply chain onlineplications. In response, they’ve decided to hike prices by nearly 10%–a percentage they say is on par with other businesses in the same market–making the affordable furniture brand slightly less affordable.
IKEA was reluctant to raise prices, but they were no longer able to absorb the extra cost of manufacturing and shipping their materials alone. Instead, a part of those price increases will be passed on to consumers.
Here’s what one IKEA spokesperson tweeted about the increase:
“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.”
Although the Twitter response came from IKEA UK Support, the price hike will apply globally.
IKEA’s price increase news certainly isn’t something we like hearing, but the bright side is that much of their furniture is still affordable even with an increase. Or, if you’re looking for other places to score high-quality buys without a shocking price tag, check out our favorite designer dupes! You’ll find furniture, decor, and more to help you keep a stylish home for less.
