Tuesday, April 16, 2024
14 C

Up by 23.3% last month

(+18%) Retail Prices • RUS • Jan-Apr 2022/21

In April 2022, the retail prices for furniture in Russia increased by 23.31% compared to the same month of the previous year (considering specialized furniture retail only).

Since the beginning of 2022, prices increased by 17.6% year-over-year. Retail prices for furniture are growing less than prices of manufacturers, which indicates a more serious shortage in margin on the side of retailers.

For this reporting period, several furniture categories have risen in price more than average:

  • hinged kitchen cabinets (+19.9%),
  • kitchen worktops (+19.83%),
  • kitchen furniture (+19.48%).

We are tracking this indicator more closely, particularly the performance of various Russian regions, for various furniture categories, within our extended Market Reports.

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Macroregional Context