SINGAPORE: IKEA Singapore in September reduced the prices of 144 products, with price cuts planned for more than 60 other products by Apr 1, 2024.

This comes after IKEA announced last week that it would be cutting the prices of some of its products globally.

“I think 2023 was the year where we turned the corner on prices and started lowering them again,” chief executive of Inter-IKEA Group Jon Abrahamsson Ring told Bloomberg, referring to the wholesale prices that are charged to retailers such as IKEA Singapore.