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IKEA Will Be Raising Their Prices in 2022, Here’s Why & How It’ll Affect M’sian Customers

today5 November 2021


(source: Malay Mail)

Reasonably priced yet chic furniture is fundamentally how Ikea attracts customers. Merchandise is priced up to 50% less than their competitors and the distinctive flat packaging helps it save on storage and transportation costs.

This allows the popular home goods store to continue offering low-priced goods but by next year in 2022, that won’t be the case anymore…

Recently, Ikea announced that it will be raising prices to offset rising transport and raw material costs. According to BBC, Martin van Dam, CFO of the Swedish furniture giant, said that the price increases would come into force next year.

Ikea is among a growing group of retailers and manufacturers that are lifting prices to offset rising inflation caused by higher transportation, packaging, and labour costs. The global supply chain crisis also means that businesses across all industries are struggling to make and ship their products to…

Click here to read the full article.


Written by: Karissa Lund