Furniture prices dropped in April as overall inflation in the UK fell to its lowest level in three years.
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According to the latest data from the Office for National Statistics (ONS), the Consumer Prices Index (CPI) increased by 2.3% in the 12 months leading up to April 2024, down from a 3.2% rise in the year to March. On a monthly basis, CPI rose by 0.3% in April 2024, compared to a 1.2% increase in April 2023.
Prices for furniture and furnishings decreased by 3.1% in April, following a 2.3% decline in March, and contrasting with an 8.3% increase in the same month last year.
The retail price of household furniture fell by 2.9% in April, following a 2.4% decrease, and down from an 8.6% rise last year.
Garden furniture prices plummeted by 23.4%, down from a 0.7% decline last month and a 4.5% increase in the previous year.
Prices for carpets and other floor coverings rose by 1.7%, down from 2.5% the previous month and lower than the 9% increase last year.
Other household textile prices, including furnishing fabrics, curtains, and bedding, increased by 0.5%, down from 1.9% the previous month, and from a 6.4% rise last year.
Source: www.bigfurnituregroup.com
