Ikea Keeps Lid on Billy Price as Euro Inflation Weakens

Ikea will keep a lid on prices of its Billy bookshelves across most of the euro region next year, underscoring the bloc’s struggles as it tries to emerge from the debt crisis.

Bloomberg’s annual Billy index shows that the Swedish furniture chain’s signature bookcase remains cheapest in Europe, with a price of 34.95 euros ($46.48) in Slovakia and the Netherlands. The Dominican Republic topped the list, which is based on the 2014 catalog on Ikea’s website, with a price of 3,995 pesos ($94.72). The bookshelf costs $59.99 in the U.S. and 349 yuan ($57) in China.