14 July 2021
Costs for UK furniture manufacturers continue their relentless rise
The 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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