Home / Knowledge / News / Composite CPI rise by 5.3%
Composite CPI rise by 5.3%
22
May '08
The Census and Statistics Department (C&SD) released May 22 the Consumer Price Index (CPI) figures for April 2008. According to the Composite CPI, overall consumer prices rose by 5.4% in April 2008 over a year earlier.

The year-on-year rate of increase in the Composite CPI in April 2008 (5.4%) was significantly larger than that in March 2008 (4.2%). However, it should be noted that the headline inflation rate in March 2008 was affected by the government relief measure of rates concession for 2008. As there was no such measure in March 2007, the year-on-year rate of change in the CPIs in March 2008 had been lowered.

On the contrary, rates concession was also implemented in April 2007. Therefore, the headline inflation rate in April 2008 was not affected. Netting out this one-off factor, the year-on-year rate of increase in the Composite CPI in April 2008 (i.e. the underlying inflation rate) was also 5.4%.

Analysed by sub-index, the year-on-year rates of increase in the headline CPI(A), CPI(B) and CPI(C) were 5.5%, 5.5% and 5.2% respectively in April 2008, which compared to 3.8%, 4.4% and 4.4% respectively in March. Netting out the effect of the rates concession, the year-on-year increases in the CPI(A), CPI(B) and CPI(C) were 5.5%, 5.5% and 5.3% respectively in April 2008, which compared to 5.1%, 5.5% and 5.3% respectively in March.

For discerning the latest trend in consumer prices, it is also useful to look at the changes in the seasonally adjusted CPIs. For the 3-month period from February to April 2008, the average monthly rates of increase in the seasonally adjusted Composite CPI, CPI(A), CPI(B) and CPI(C) were all 0.6%.

Must ReadView All

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Textiles | On 22nd Mar 2017

Dyeing textiles with bacteria

As an alternative to toxic synthetic dyes, scientists are exploring...

Courtesy: BCG

Apparel/Garments | On 22nd Mar 2017

Consumption in India to touch $4 trillion by 2025: Report

Consumption in India is likely to triple to $4 trillion by 2025 as...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sonam & Paras Modi
SVA

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search