Lounge and bedroom furniture push prices up

Furniture prices increased during March as overall inflation rose to a 30-year high.

According to the latest Office for National for National Statistics (ONS) data, the Consumer Prices Index (CPI) rose by 7% in the 12 months to March 2022, up from 6.2% in February.

This is the highest CPI 12-month inflation rate since March 1992, when it stood at 7.1%.

Furniture and furnishing prices stood at 16.8% in March, up from 14.4% in February, while rising from 4.1% compared to the same month last year.

The retail price of household furniture rose to 17.2% in the month from 14.7% in February, while also rising from 4.2% last year.

Garden furniture prices stood at 11%, up from 8.4% month-on-month, while carpets and other floorcoverings prices recorded 7.4%, down from a rate of 8.7% the previous month.

Other household textile prices, including furnishings fabrics, curtains and bedding, saw a rate of 7.1%, up from 5% the previous month.

The ONS said that lounge and bedroom furniture had the most effect in rising prices within this sector.

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