In December 2022, the retail prices for furniture in Russia increased by 10.49% compared to the same month of the previous year (considering specialized furniture retail only).
Since the beginning of 2022, prices increased by 16.02% year-over-year. Recently, retail prices for furniture are growing more than prices of manufacturers. This may indicate that furniture retailers have reached the bottom in reducing their profitability while curbing prices.
For this reporting period, several furniture categories have risen in price more than average:
- kitchen worktops (+18.10%),
- kitchen furniture (+17.54%),
- hinged kitchen cabinets (+17.27%),
- mattresses for adults (+16.84%),
- baby cribs (+16.59%),
- dining tables (+16.11%).
We are tracking this indicator more closely, particularly the performance of various Russian regions, for various furniture categories, within our extended Market Reports.