IKEA has hiked prices of furniture by up to 50%, with shoppers facing a cost of living crunch in 2022.
The Swedish retailer confirmed that it has increased the cost of goods by 10% on average, but it has been reported that prices of some essential furniture have gone up by as much as 50%.
According to analysis by the Daily Mail, prices have gone up by up to 50% – such as the shop's Malm desk, which increased from £99 in mid-December to £150 this week.
A Hemnes daybed has reportedly gone up from £215 to £279, and the price of the Klippan two-seater sofa has jumped from £199 to £299.
A spokesperson for Ikea told the Daily Mail: "The effects of Covid-19 continue to evolve and impact industries all over the world.
"Since the start of the pandemic, Ikea has managed to absorb the significant cost increases experienced across the supply chain while keeping prices as low and stable as we possibly can.
"Now, like many other retailers, we have had to raise our prices to mitigate the impact on our business."
Ikea isn't the only retailer to have hiked prices.
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Heinz said that it is raising prices of products including ketchup and baked beans.
While the cost of train tickets, groceries and going out could be up to hundreds of pounds more for consumers as inflation bites families' finances.
The price rises are in part down to a global increase in shopping costs, and a crippling HGV driver crisis that is hitting retailers up and down the country.
Experts estimate there is a huge 100,000 shortfall in drivers.
Morrisons has warned that this could mean food prices will rise across its stores.
Rocketing prices of fuel, goods, bills and more has experts concerned, with Citizens Advice estimating that one in ten families are on the brink as the cost of living crunch starts to bite.
The organisation fears 3.2 million households are facing financial crisis and said millions would be in the red or unable to cover the cost essentials this winter.
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