Furniture prices see deflation increase again

Deflation increased for the third consecutive month for household furniture in April.

Annual prices fell by 2.9% in the past 12 months, according to ONS CPI data.

This fall compares with drops of 2.4% in March, 1.6% in February and 1.5% in January.

Prices last rose on an annual basis – by 1.2% – in December 2023.

In April 2023, annual prices rose by 8.6%.

ONS says price increases for leather sofas were lower than in 2023.

Garden furniture saw prices drop by 23.4% in April 2024, compared with a fall of 0.7% in March and a rose of 4.5% a year ago.

Lighting saw prices 2% lower, after March’s 0.5% drop and April 2023’s 3.4% rise.

Furnishing fabrics and curtains continued to see inflation – of 2.5% – in April, albeit down from March’s 3.8%. A year ago the rate was 5.8%.

Bed linen saw its first deflation of the past year, with a drop of 0.6% in April, down from inflation of 0.9% in March and 5.5% in April 2023.

Table and bathroom linen saw annual rises of 0.2% become drops of 1.5%: a year ago the rate was 10.2%.

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