We Found the World's Cheapest Ikea Billy Bookcase

The U.S. ranked as the eighth most-expensive after a whopping 17% price increase of $10, to $69.99.

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.

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