#Ikea plans to cut prices despite high inflation

#Ikea plans to cut prices despite high inflation

“Ikea plans to cut prices despite high inflation” Ingka Group, the owner of most IKEA furniture stores, is planning additional price cuts as some input costs ease, its retail manager told Reuters on Monday, a reversal from price hikes introduced last year to counter soaring inflation. The world’s biggest furniture retailer raised prices in its fiscal year at the end of…

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