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Year-on-year furniture retail prices were positive for the first time in seven months in August and up 280 basis points on the year to July.


Furniture CPI hit 2.3 per cent in the year to August, according to official inflation figures from the Office for National Statistics.


That was up from the -0.5 per cent figure recorded in the year to July, the last of what had been a six month run of consecutive falls or flat year-on-year prices.


September’s figures will reveal whether last month’s increase was the beginning of a new trend in furniture retail price inflation, or simply the impact of a later summer sale period.


The overall consumer price index declined 10 basis points to 0.0 per cent, ONS said, with a smaller rise in clothing prices on the month compared with a year ago being the main contributor to the slight fall in the rate.



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