Furniture and flooring prices fall during February

Furniture prices decreased during February, as did the inflation rate for carpets and flooring.

According to the latest Consumer Prices Index, including owner occupiers’ housing costs (CPIH), from the Office for National Statistics (ONS) the 12-month inflation rate was 1.7% in February 2020, down from 1.8% in January 2020.

The inflation rate for furniture and furnishings was -0.7%, down from 1.3% the previous month.

The inflation rate for carpets and floorcoverings was 1.8%, down from 1.9% against the month before.

The largest contribution to the CPIH 12-month inflation rate in February 2020 came from housing, water, electricity, gas and other fuels.

Falls in the price of motor fuels, and games, toys and hobbies resulted in the largest downward contributions to the change in the CPIH 12-month inflation rate between January and February 2020.

Price rises for recording media, and for restaurant and hotel services produced the largest, partially offsetting, upward contributions to change.