Ikea Confirms 10 Percent Price Hike in UK Due to Supply Chain Costs

Ikea Confirms 10 Percent Price Hike in UK Due to Supply Chain Costs
Staff at the checkout are seen in Ikea on June 01, 2020 in London, England. Julian Finney/Getty Images
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Flatpack furniture specialist Ikea has confirmed it has increased the average price of products in its UK stores by 10 percent due to rising supply chain costs.

The retailer said it has been forced to increase prices in the UK by more than the global 9% average due to “local market conditions”, including increased HGV and logistics costs.