January 23, 2022

Wire Service Canada

Complete Canadian News World

The sting also arrives at Ikea, in 2022 prices are up at least 9% over the prices of the entire catalog

Swedish furniture giant IKEA It announced that it will raise the prices of its products in 2022 on average 9%. Unfortunately, for the first time since rising costs began to affect the global economy, We’ll have to pass some increases on final costs to our clients” INGKA GROUP, the holding company that controls 367 of Ikea’s 422 outlets, or more than 90% of its stores worldwide. In Europe and Italy, the price increases can be even greater. +9% is actually the average revision globally, but as the company explains, the major cost increases associated with Transportation Offer prices ‘feel themselves Mainly in North America and EuropeIncreases will vary by country in the group and by scope, reflecting Domestic inflationary pressuresIkea explained. Over the course of 2021, timber has risen 30% approx.

The Swedish group’s announcement comes in the context of Inflation accelerated Which affects almost the whole world. Abundant liquidity, bottlenecks in the supply of raw materials and finished products as well as friction between supply and demand for labor are the factors that favor higher prices. In the eurozone, inflation reached 4.9% in one year in November, a record since the introduction of the single currency in 1999. And in the US, the price increase was 6.8% last month compared to November 2020, its highest level. At 39 years old. INGKA GROUPIt has a turnover of around 40 billion euros annually and closed 2020 with a profit of 1.2 billion. It is controlled by the Dutch phone Ingka Foundation Created by the founder of Ikea Fyodor Ingvar Kamprad He passed away in 2018.

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