Furniture inflation drops from 16% to 6% in a year

The rate of retail furniture inflation slowed by almost a quarter in June. 

The annual rate for household furniture fell from 8.2% to 6.2%: the lowest rate for at least a year and a fraction of the 16.6% experienced in June 2022.

It is the tenth consecutive month the rate has fallen.

The rate for garden furniture dropped from 4.6% to 3.4%.

The rate for lighting increased from 0.1% to 0.4%.

The Office for National Statistics said the main downward contributions came from sofas, kitchen units, dining tables and chairs and beds.

Sofa23

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