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Ikea to Raise Prices as Supply Chain Problems Bite

Ikea to Raise Prices as Supply Chain Problems Bite

From: BBC

Ikea is to raise prices as the disruption to global supply chains is expected to last into next year.

On Wednesday, Ikea reported a drop in full-year profit due to higher transport and raw material costs.

In the coming year it will pass some of these costs on to its outlets, which will be free to then charge customers more, the Reuters news agency reported.

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