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World's most expensive IKEA Billy bookcase sold in Egypt: Bloomberg survey

The same bookcase sold in Egypt is available at less than half the price in Slovakia, with the world average significantly lower also

Ahram Online , Sunday 18 Oct 2015
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An Ikea store in Dubai (Photo: Reuters)
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Egypt is host to the most expensive IKEA Billy bookcase at a price more than double the cheapest one in Slovakia, and almost double the world average, according to a Bloomberg survey.

A white bookcase, 202 centimetres (79.5 inches) high, 80 centimetres wide and 28 centimetres deep costs $101.55 in Egypt, while the same bookcase costs $39.35 in Slovakia with the world average at $58.1.

Egypt, one of 48 countries surveyed by Bloomberg, is struggling with fast growing annual inflation hitting 9.2 percent in September at a time when most European economies are struggling with near stagnant general price levels.

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