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Prices stabilise in furniture and flooring
September 19, 2024
Prices across the furnishing sector have finally stabilised after a year of turbulence for retail consumers.
While overall consumer prices rose 2.2% last month according to the Office for National Statistics (ONS), flooring price inflation was just 0.1% in the year to August, having been negative 0.6% in the year to July. For much of last, this figure was often around 10%, especially for carpets.
Furniture has had a different trajectory, from high inflation to a period of deflation in recent months but prices in this sector were only 1% down in the year to August, compared to 2.4% in the previous month.
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BUSINESS NEWS
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