Ikea has hiked its prices across all UK stores with some popular items up by 50%

Ikea has hiked its prices across all of its UK stores as it continues to face the impacts of supply issues triggered by the pandemic.

The Swedish retailer, which has become well known and loved for its cost-effective flat-pack furniture and homeware selection, has become notably more expensive in the aftermath of Christmas due to a rise in supply chain costs. 

Ikea has since confirmed that it has raised its prices by around 10%, which is above the global average of 9%.

Michael Ely / Wikimedia Commons

However analysis by the Daily Mail has shown that the price of some of their most popular products – including sofas, beds and drawers – have surged by as much as 50%. 

The analysis found that a chest of Malm drawers has gone up from £99 in mid-December to £150, a jump of 52%. A Hemnes daybed frame, alternatively, has increased from £215 to £279, and a Klippan two-seater sofa has risen from £199 to £229, a 15% increase.

An Ikea spokesperson has since addressed the price increase, saying in a statement: “The effects of Covid-19 continue to evolve and impact industries all over the world.

“Since the start of the pandemic, Ikea has managed to absorb the significant cost increases experienced across the supply chain while keeping prices as low and stable as we possibly can.

@matthewrimmer / Instagram

“Now, like many other retailers, we have had to raise our prices to mitigate the impact on our business. As prices are influenced not only by the raw material prices but also by transportation, logistical costs and local market conditions, price adjustments differ from country to country.

“Whilst individual price increases vary, the average increase is 10% in the UK, in line with the global average of 9%.”

Though Ikea isn’t the only retailers to be impacted by the pandemic and supply chain issues; throughout the last year, there has been a mass shortage of HGV drivers and workers being off sick due to Covid, factors which have forced countless companies to hike their prices.

Food and fuel prices are also on the up, with UK households set to see their energy bills increase by £1,200 this year when the price cap is raised.