Ikea hoists its prices and blames Covid supply pressures

Post-Christmas price rises of as much as 50% attributed to cost increases across supply chain

Ikea has increased the price of its flat-pack furniture by up to 50%, blaming supply chain costs caused by Covid-19, in a move that will further stoke growing concern about the rising cost of living.

After customers complained that prices appeared to have risen sharply after Christmas, the retailer said it was no longer able to absorb increased costs and was passing them on to consumers.