Home / Knowledge / News / Inflation rates for clothing & footwear fall
Inflation rates for clothing & footwear fall
07
Jan '08
The annual rate of inflation, as measured by the all items Consumer Price Index (CPI), was recorded at 8.9 percent as at December 2007. This rate is 0.2 of a percentage point higher than the November rate of 8.7 percent.

Compared with the same period last year, the annual rate of inflation increased by 0.7 of a percentage point, from 8.2 percent in December 2006 to 8.9 percent in December 2007.

The December 2007 inflation rate of 8.9 percent means that prices as measured by the all items Consumer Price Index (CPI) increased by an average of 8.9 percent between December 2006 and December 2007.

Annual Inflation Rates for CPI Main Groups Between November and December 2007, the annual inflation rates increased for food, beverages and tobacco; rent and household energy; transport and communication; recreation and education; and other goods and services.

However the annual inflation rates for the same period decreased for clothing and footwear, medical care, furniture and household goods.

Contributions of different Items to overall inflation The increase of 0.2 of a percentage point in the annual inflation rate from 8.7 percent in November 2007 to 8.9 percent in December 2007 is mainly due to the increase in the cost of food products.

Of the total 8.9 percent annual inflation in December 2007, food products accounted for 2.9 percentage points while non-food products in the Consumer Price Index (CPI) accounted for a total of 6.0 percentage points.

Central Statistical Office of Zambia


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X