Ikea confirms 10% price hike in UK stores due to Covid

Ikea has increased prices in the UK by 10% (Andrew Matthews/PA)

Flatpack furniture specialist Ikea has confirmed it has increased the average price of products in its UK stores by 10% 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.