Real Estate

Inflation increases prices of home furniture and remodeling

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Lorena Fortuna, right, and her husband Anderson, holding their daughter Valentina, look at outdoor furniture at the Jordan’s Furniture store in Reading, Mass. on Friday, June 7, 2019.

Gregory Rec | Portland Press Herald | Getty Images

Demand for home remodeling jumped dramatically in the last two years, as Americans hunkered down in their homes and saw everything that needed an upgrade.

Now inflation has raised the prices of many goods people want for a home revamp.

Prices for all household furnishings rose 1.6% in January month to month and jumped 9.3% year over year, according to the latest consumer price index released by the U.S. Department of Labor on Thursday. The new data showed…



Source cnbc.com

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