World's most expensive IKEA Billy bookcase sold in Egypt

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.