FLAT-PACK furniture giant Ikea has hiked prices by up to 50%, blaming the pandemic.Ikea yesterday confirmed that the average price of products in UK stores had risen by 10%, more than double the rate of inflation.Some products are much more expensive though. For example a Malm chest of drawers has gone up from &pound;99 in mid-December to &pound;150 now, a jump of 52%.A Hemnes daybed frame has gone from &pound;215 to &pound;279 and a Klippan two-seater sofa from &pound;199 to &pound;229. Customers shopping online raised the issue first.Ikea responded: &ldquo;There has been a significant increase in costs across the supply chain, including in raw materials, transport and logistics.A spokesman added: &ldquo;Since the start of the pandemic, Ikea has managed to absorb the significant cost increases. Now, like many other retailers, we have had to raise our prices?

Ikea 50% price rise

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.