ComfyLiving
  • Home
  • Reviews
  • Blog
  • News
  • About Us
  • Meet the Team
  • Contact Us
ComfyLiving
ComfyLiving
  • Home
  • Reviews
  • Blog
  • News
  • About Us
  • Meet the Team
  • Contact Us
IKEA Announces 9% Price Increase in Response to the Pandemic
  • News

IKEA Announces 9% Price Increase in Response to Pandemic

  • Marija Kovachevska
  • January 27, 2022

The ongoing supply chain disruptions and rising transportation prices are the reasons pushed forward by the furniture giant IKEA for raising its prices on a global scale. 

Just like the United Nations warned late in 2021, furniture prices are going up by around 10%, which also includes famous brands like IKEA.

Ingka Group, the owner of the greatest majority of IKEA stores, announced an average price growth of 9% on a global scale. Local prices in various countries will depend upon the variations on the local inflation rate and potential problems with commodities and the supply chain. 

For example, in UK stores, IKEA announced a 10% increase. However, as The Guardian states, certain furniture pieces cost as much as 50% more after this price hoisting. However, the average increase is not the same for all furniture pieces.

For instance, IKEA’s Malm desk is over 50% pricier. Brands explain these drastic changes with the shipping issues and jacked up costs brought on by the COVID-19 pandemic.

According to IKEA’s official statement, the company could no longer absorb these rising costs caused by logistic and transportation difficulties. This is something the brand claims to have done since the beginning of the pandemic to keep the prices as low as possible for customers.

Although IKEA emphasizes that affordability remains at the heart of its business, in 2022 people will most likely be turning to DIY projects to balance out the growing pressure on their budget. 

Just in December 2021, the inflation rate in the US went up to 7%, raising living expenses and worsening the worries about financial instability in 2022.

0
0
0
0
Share
Tweet
Share
Pin it
Share
Marija Kovachevska

Marija is a content writer, biochemist, and communications associate for several nonprofit organizations. After earning her bachelor’s, she worked as a scientific writer before engaging in the world of nonprofits—first as an English translator and an activist, and later, as head of communications. In content writing, she finds the perfect stimulus for her curiosity and aptitude for research, as well as a way to deploy her linguistic creativity for the purpose of better understanding.

Previous Article
Holiday Spending Statistics
  • Blog

These 23 Holiday Spending Statistics Will Shock You

  • Hermina Drah
  • January 27, 2022
View Post
Next Article
Tiny House Statistics
  • Blog

22 Tiny House Statistics, Fact, and Trends for 2022

  • Tea Turkalj Ilijasic
  • January 28, 2022
View Post
You May Also Like
Plastic Recycling Rate in the US Drops to a Devastating 5%
View Post

Plastic Recycling Rate in the US Drops to a Devastating 5%

  • May 20, 2022
Are Vegetarian Kids Likelier to Be Underweight?
View Post

Are Vegetarian Kids Likelier to Be Underweight?

  • May 18, 2022
Why Kitchen Sponges Are Bacteria’s Lux Suites
View Post

Study Shows Why Kitchen Sponges Are Bacteria’s Lux Suites

  • May 13, 2022
Dog Study: Vegan Diet Is Good for Your Good Boy!
View Post

Dog Study: Vegan Diet Is Good for Your Good Boy!

  • May 11, 2022
A Novel 3-D Printed Fabric Can Conduct Heat and Electricity
View Post

A Novel 3-D Printed Fabric Can Conduct Heat and Electricity

  • May 8, 2022
2+ Weekly Servings of Avocado Lower Risk of CVD by 16%
View Post

2+ Weekly Servings of Avocado Lower Risk of CVD by 16%

  • May 7, 2022
Wind & Solar Energy Comprised 13% of Total US Energy in 2021
View Post

Wind & Solar Energy Comprised 13% of Total US Energy in 2021

  • April 30, 2022
44% of US Employees Seek New Jobs as Labor Shifts Continue
View Post

44% of US Employees Seek New Jobs as Labor Shifts Continue

  • April 29, 2022
The First Ever Deep Sleep Booster Passes the First Clinical Trial
View Post

First Ever Deep Sleep Booster Passes First Clinical Trial

  • April 22, 2022
Lithium Might Lower Risk of Dementia in People Over 50
View Post

Lithium Might Lower Risk of Dementia in People Over 50

  • April 16, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts
  • Bathroom Mirror Ideas 1
    Top 10 Bathroom Mirror Ideas for Every Style and Design
    • May 27, 2022
  • How to Grow Sage Indoors 2
    How to Grow Sage Indoors for Delicious Herbs All Year Long
    • May 26, 2022
  • How to clean brick fireplace 3
    How to Clean a Brick Fireplace Inside and Out—A Quick Guide
    • May 25, 2022
  • How to Care for Palm Trees 4
    How to Care for Palm Trees: Everything You Need to Know
    • May 24, 2022
  • How to Organize Kitchen Drawers for Maximum Efficiency 5
    How to Organize Kitchen Drawers for Maximum Efficiency
    • May 22, 2022
Follow Us On:
Facebook
Twitter
LinkedIn
ComfyLiving
  • About Us
  • Meet the Team
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
©2022 ComfyLiving.net – All Rights Reserved.

Input your search keywords and press Enter.