IKEA to Raise Prices as Global Supply Costs Keep Rising

IKEA said it would increase the prices of its products around the world as the furniture giant grapples with rising transport and raw-materials costs.

Ingka Holding BV, the biggest owner and operator of IKEA stores, said it planned to raise prices across the group by around 9% on average, with variations depending on country and range, amid a global squeeze on supply chains and higher associated costs.