Not only is gas, gasoline and groceries becoming more expensive, but so are kitchens.
As part of a small experiment, our author submitted the 40 individual Ikea kitchen parts he bought in 2021 to an ongoing price check.
One of the results: price increases are up to 80 percent. But there are also parts and services that have not become more expensive six months after purchase, such as a gas stove, a skirting board or the door to a tall closet.
We now know that almost everything is expensive right now: gas and electricity, petrol and diesel, groceries and clothes. But even if oatmeal now costs 59 cents instead of 49 – and that means an increase of more than 20 percent: With such small absolute amounts, we see almost no inflation. But what if you buy something bigger that costs thousands of euros? For example a new kitchen …
That was for me last year. And because the individual components all come from Ikea and I still have all the proof, I was able to risk the experiment – and calculate how much the same kitchen would cost today, in April 2022.
2021: Ikea announces price increases
As a reminder: In 2021 there was already a lot of chaos in the world. In particular, global supply chain problems resulting from the coronavirus crisis have put pressure on retail companies such as Ikea. At the end of 2021 we reported: “Ikea wants to raise prices significantly – an average of nine percent more expensive.” And in July 2021 it was said that Ikea wanted to sell up to 600 fewer products in the future.
Delivery problems were then cited as the cause. But how high were the price increases in the months that followed? The kitchen price control experiment now provides me with the first clues and indications.
More than 40 individual items under control
In the summer of 2021 I will be at the local furniture store for the first time and I will plan my kitchen in the studio. Next, I keep the final confirmation of the order in my hands in mid-October: more than 40 individual products are listed, from base cabinets to handles, from gas hobs to sink siphons to kitchen chairs. The whole issue will be delivered and set up at the end of October.
Six months later, now, in April 2022, I enter in part in the Excel spreadsheet: on the left are the amounts I actually paid, on the right what Ikea charges for the same products today. Five items that have obviously been removed from the range are discarded from the list to avoid a distorted overall result.
Premium price: 18 percent more
The result: If I ordered the same kitchen today, I would pay a little over 18 percent more. Or, to put it in absolute numbers: instead of 1872.96 euros, I would now pay 2212.78 euros for the individual spare parts. So almost 350 euros more.
The delivery costs (129 euros) and the assembly service (249 euros per current meter), which have been added from above, remained constant in terms of price. But which individual components, exactly, led the overall price to rise? The answer: First of all, the numerous shelves for the base and wall units. Instead of five euros, they now cost nine euros, a price increase of 80%. I also bought my bar stools quite cheaply: instead of 69.99 euros, Ikea now wants 99.99 euros for the same product – a premium of 42.86 percent.
Built-in sink: Plus 39.11 percent
The price of my heavy built-in sink, which I brought home from the local furniture store with my racing bike due to lack of internet availability, has also risen sharply: on October 20, 2021 I paid 179 euros for the black sink. It now costs 249 euros, an increase of 39.11 percent.
The hood has also become more expensive, just over 30 percent: instead of 99 euros, it now costs 129 euros. A cupboard door (+29.41 percent), my so-called metal “cabinet cleaner equipment” for vacuum cleaners and vacuum cleaners (+25.32 percent) and kitchen legs (+25 percent) had a similarly high price.
Depending on the version, the drawers have increased between twelve and 20 percent. The same goes for the numerous wardrobe doors. Matching stainless steel handles now cost eleven euros instead of ten, which still equates to a ten percent surcharge. The price of the kitchen suspension rail (+5.26 percent), the exhaust pipe for the hood (+4.74 percent) and the relevant carbon filter in double package (+2.57 percent) increased slightly in price.
The price has remained the same
In fact, there are individual components whose prices have remained the same: These would be the gas stove, the lid of my sink, the skirting board and the door to a tall closet. Not a single item on my list got cheaper.
Of course, what none of us know is how prices will continue to evolve in the coming months and years. As a result, it is difficult to answer the question of whether it is still worth buying a new kitchen or study despite rising prices.
Here you can see the whole table with the price increases of the kitchen:
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