25 March 2022
Furniture factory gate prices up by 8% while retail prices hit record level again
The input costs for British furniture manufacturers were recorded by the office of National Statistics as 19.2% in February compared to that month last year. Although just less than 20% for the first time since July last year, the period from then to February this year shows that the average increase in the cost of materials and fuel was 21%.
The retail price of all household furniture (home produced and imported) rose by 14.7% in February compared to February last year. The comparative January figure was 14.1%, which at the time was a record rise. UK furniture manufacturers increased product prices in February by a record 8.1% on an annual basis. The January rise was 5.2%.
The average value of weekly furniture and lighting sales rose by 35.3% compared to February last year and were 3.2% up on the same month in pre-pandemic 2019. The sharp rise in the retail price of furniture can be seen when the comparison is made with volume sold. The amount bought by consumers was up on an annual basis in February by 20% but 5.2% down on February 2019.
UK furniture production below pre-pandemic levels
Record furniture retail prices while monthly making costs continue at 20% level
Furniture a major contributor to fastest pace of inflation for 30 years
UK furniture output rises
Record rise in the retail price of furniture while costs for UK manufacturers up 22% on last year
Third consecutive month of costs above 20%
UK furniture makers’ turnover and orders at record level
Household furniture prices rise by over 10% and manufacturers costs by nearly 21%
Costs for UK furniture manufacturers continue their relentless rise
Furniture manufacturers turnover up but still well below pre-pandemic levels
Furniture costs & prices rising sharply while retail sales hit a record high
Surge in demand for furniture ahead of shift to social spending
Retail prices and costs reach highs while Chinese imports surge
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