British Furniture Manufacturers

Costs for UK furniture manufacturers continue their relentless rise

14 July 2021

Costs for UK furniture manufacturers continue their relentless rise

ONS logoThe cost of materials and fuel for UK furniture makers was up by 11.3% in June compared to that month last year, reflecting steep rises in raw material prices.   Costs over the first 6 months of 2021 show an average increase compared to the equivalent period in 2020 of 7.7%.    

The retail price of household furniture in the UK rose by 6.6% in June compared to a year ago, the same as in May.  Such sustained increases have not been seen for over 3 years, with the figure for the second quarter of 2021 standing at 6.3%.   

In the same month the price charged at the factory gate for all types of furniture was up 2% and slightly less than this for the whole of the second quarter (April to June).

The Consumer Prices Index (CPI) rose by 2.5% in the 12 months to June 2021, up from 2.1% to May; on a monthly basis, CPI rose by 0.5% in June 2021, compared with a rise of 0.1% in June 2020.

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