After months of double-digit increases – including two in the past year – deflation has returned to retail household furniture pricing.
Prices dropped by 1.5% in January, according to ONS data. This compares with a rise of 1.2% in December and 11.1% in January 2023.
Increases have averaged 6.1% across the past year.
Garden furniture saw the rate drop from 3% in December and 11.9% in January 2023.
Other furniture and furnishings saw the rate fall to -0.5%, from 4.8% in December and 5.8% in January 2023.
