Ikea will cut prices on over 1,500 items by 15–25%, mainly across Europe markets. Ingka Group (Ikea’s largest franchisee) and Inter Ikea Group (brand owner) said they will deploy €1.2bn (~$1.4bn) to implement the reductions; exact cuts and timing wil

2026-09-01

Ikea will cut prices on over 1,500 items by 15–25%, mainly across Europe markets. Ingka Group (Ikea’s largest franchisee) and Inter Ikea Group (brand owner) said they will deploy €1.2bn (~$1.4bn) to implement the reductions; exact cuts and timing will vary by country. Notable ranges affected include Billy, Hemnes and Poang. Ingka also plans a €70m package to offset inflation and FX pressure in Asia and North America. Executives said the move aims to ease persistent household financial strain amid high housing costs and lagging wage growth.