Buying new furniture?
Be thankful if you're in Slovakia, where Ikea's iconic Billy bookcase is the cheapest among almost 50 countries surveyed by Bloomberg. The price of $39.35 (when converted from the local currency) is less than half the cost in Egypt. The north African nation is the most expensive on the list, at $101.55.
While much of the developed world is struggling to revive inflation -- prices are falling in the euro area (which includes Slovakia) -- Egypt is facing rampant price growth. Urban inflation was 9.2 percent last month and accelerated to more than 13 percent earlier this year.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.