Furniture prices remained high during August as overall inflation eased.

According to the latest Office for National for National Statistics (ONS) data, the Consumer Prices Index (CPI) rose by 9.9% in the 12 months to August 2022, down from 10.1% in July.

On a monthly basis, CPI rose by 0.5% in August 2022, compared with a rise of 0.7% in August 2021.

Furniture and furnishing prices stood at 15.2% in August, up from 14.8% in July, while also rising from 7.9% compared to the same month last year.

The retail price of household furniture increased to 15.6% in the month from 15.1% in July, while rising from 8% last year.

Garden furniture prices stood at a rate of 16.3%, down from 21.1% on last month, while carpets and other floorcoverings prices were at a rate of 8.1%, up from 6.4% the previous month and down from 8.4% last year.

Other household textile prices, including furnishings fabrics, curtains and bedding, saw a rate of 6.2%, up from 5.6% the previous month.

Meanwhile, Producer Price Inflation (PPI) saw the rate of furniture output prices, factory gate, rise 10.9% in August on the same month in 2021, while also up from a rise of 10.6% in July.

Furniture input prices, material cost of production, were up 12.5% in August on the same month last year, while down from a rise of 16.5% the previous month.

Overall, producer input prices rose by 20.5% in the year to August 2022, down from 22.6% in the year to July 2022.

Producer output (factory gate) prices rose by 16.1% in the year to August 2022, down from 17.1% in the year to July 2022.

On a monthly basis, input prices decreased by 1.2% and output prices decreased by 0.1% in August 2022; this is the first time the monthly rates have been negative since August 2020 and September 2020, respectively.