Germany’s consumers are suffering from record inflation. In June, prices climbed 7.6 percent. Many companies are reacting and want to increase their prices as well. Ikea has already done that. And strong. The Buskbo rattan armchair is 101 percent more expensive.
Ikea is probably one of the best-known companies in Germany. Sales in 2021 were 5.3 billion euros, 1.75 billion of which came from the online shop of the Swedish furniture giant.
Sales are likely to increase this year, because the group has tightened the price screw. And that could go on. So far, Ikea has increased prices once a year. In the future, this could happen every three months – the possible consequence: four price increases per year. The ” Frankfurter Allgemeine Sonntagszeitung ” (FAS) reports that, citing corporate information.
The reason for the drastic plans are the massively increasing costs at Ikea: the well-known supply chain problems, rising raw material prices, expensive energy. Prices will increase by an average of nine percent worldwide, according to Ikea at the end of 2021.
But the nine percent is just an average. They say nothing about the price development for German Ikea customers. In some cases, they can be much higher. They do too. Here are some glaring examples:
The popular bookshelf currently costs 55 euros and measures 80x28x202 cm. According to research by the FAS, the price rose from 35 to 39.39 euros from 2004 to 2021. So by 4.39 euros within 17 years. In the current year there was a mega price increase of 15.61 euros. That is an increase of 39.6 percent! According to the FAS, there are also some Billy variants with comparable price jumps.
The rattan armchair Buskbo cost 99 euros until the end of 2021. Now customers have to pay 199 euros. That’s an increase of 101 percent.
Although the price jump for the Buskbo armchair is record-breaking, other Ikea products have also become noticeably more expensive – here are three examples:
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Ikea reserves the right to increase prices by different amounts depending on the country. If this continues at the pace described, German consumers will have to think twice before visiting Ikea.
