This Is How Much Furniture Cost In 2008, As Compared To 2018
You'll be shocked at the price difference just ten years makes!
We’ve recently featured ways on combating high vegetable prices at home, but what about furniture prices? If you are just starting to build or decorate a house, you would surely know that buying pieces to furnish your home would surely add up.
Out of curiosity, we researched how much basic furniture pieces and decorative accessories cost in 2008, based on actual prices in the story archives of Real Living and compared it to current-day furniture prices as seen in various low-end to mid-range local home stores.
While some prices have increased by small increments of a few hundred or thousand pesos, some items have tripled, or even quadrupled in price.
The country’s average inflation rate currently clocks in at 4.17% as of this posting, (as compared to a low of 1.41% back in 2015), according to this website. But a lot of other factors can affect furniture prices, including increase in cost of materials used, production and overhead costs, and import or shipping costs, among many others.
Here’s a roundup of the average prices of basic furniture pieces for you to compare:
2008 AVERAGE PRICES, LOW-END TO MID-RANGE
Ten years ago, homeowners could easily purchase a sofa or dining set for under P10,000, and a foam mattress under P3,000. Accessories and soft furnishings like carpets were very affordable, too.
Two-seater Sofa: P5,400 to P14,000
Sectional Sofa: P10,000 to P19,950
Sofa Bed: P14,950 to P23,250
Upholstered armchair: P8,000 to P20,000
Six-seater Dining Set: P5,995 to P8,995
Queen-sized mattress: P2,395 (plain foam) to P15,000 (ortho)
Side Table: P1,500 to P4,995
Area Rug (160cm x 230cm size): P1,500 to P4,895
Table Lamp: P1,995 to P4,895
Assorted tabletop accessories: Below P100 to P1,500
2018 AVERAGE PRICES, LOW-END TO MID-RANGE
Today, mattresses are the pieces that have risen the most in price, such as a foam queen size mattress costing more than P10,000. Sofa prices have also risen quite considerably. Accessories could still be bought for cheap, and under P100 if bought at budget areas like Dapitan Arcade or Divisoria.
Two-seater Sofa: P9,900 to P26,900
Sectional Sofa: P24,000 to P74,938
Sofa Bed: P20,800 to P58,998
Upholstered Armchair: P7,000 to P25,000
Six-seater Dining Set: P22,750 to P52,998
Queen-sized mattress: P10,800 (plain foam) to P31,415 (memory foam)
Side Table: P2,050 to P18,498
Area Rug (160cm x 230cm size); P2,000 to P31,400
Table Lamp: P1,900 to P11,000
Assorted tabletop accessories: Below P100 to P5,000
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