British Furniture Manufacturers

Household furniture prices rise by over 10% and manufacturers costs by nearly 21%

20 October 2021

Household furniture prices rise by over 10% and manufacturers costs by nearly 21%

The annual rate of price inflation for retailed household furniture in September was 10.5% according to the Office of National Statistics.  This is the highest rate for this particular series since it was introduced in 2016.  The August rate was 8% and in each of the previous 3 months it topped 6%.

The costs of materials and fuel for furniture manufacturers rose in September by 20.8% compared to that month in 2020.  The August rise by 20.5%.  

The factory gate price of all furniture rose by an annual rate of 3.7%, up from 3.5% in August.  Seats of all kind were up by 3.9%, mattresses by 5.2% and kitchen furniture by just 1.1%.

Average weekly retail sales values for furniture and lighting were down by 5.8% in September compared to the same month last year. This represents the first negative result for 7 months, according to the official index supplied by the Office of National Statistics.  However, in terms of actual value, monthly sales topped £1.4 billion, more than the £1.2 billion sold in July and August and any month this year apart from May and June.

Related articles:

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

Join us

For more information: info@bfm.org.uk.

 

Back to news & blogs