The drastic rise in prices on the Hungarian furniture market seems to have stopped

By: Trademagazin Date: 2024. 07. 05. 11:46

In the recent period, the pace of drastic price increases observed on the Hungarian furniture market seems to be slowing down. According to data from the Central Statistical Office (KSH), sofas, kitchen cabinets and dining tables were practically unaffected by inflation over the past year. The price of these products either did not change or increased only minimally.

KSH’s detailed analysis tracks the price changes of three types of furniture: corner sofa, kitchen cabinet, dining table. According to the data, these prices have not kept up with annual inflation. The price of a sofa has risen by an average of 1.5% over the past year, a dining table has become more expensive by 2.1%, while the price of a kitchen cabinet has decreased by 0.58%.

However, if we look at the situation in two years’ time, we can see a significant rise in prices. The price of a dining table has increased by 28.5% since 2022, a kitchen cabinet will cost 18.1% more, while a sofa set will cost 14.7% more.

A similar trend can be observed with IKEA furniture. Based on a March price survey, most of the prices of the 19 most popular products did not change. However, there was a price increase for two products: the price of the Hemnes sofa bed increased by 6.7%, while the price of the Brimnes bed frame increased drastically by 35.2%. At the same time, the price of some products decreased, for example the Ektorp sofa became cheaper by 5.6% and the Hemnes 8-drawer cabinet by 18.1%.

Overall, our shopping basket has become more expensive by 0.8% in the last three months, which means that it now costs HUF 10,920 more than in March.