Home / Knowledge / News / CPI indicates some decline in inflation in June
CPI indicates some decline in inflation in June
01
Aug '08
The Following is the statement of Department of Economic Affairs, Ministry of Finance on inflation issued:

“Inflation, on a week-on-week basis, has continued to remain stable. The WPI moved up only marginally from 239.0 in the week ending July 12, 2008 to 239.3 in the week ending July 19, 2008; the rate of inflation for the week ending July 19, 2008 stands at 11.98 per cent, marginally higher than the rate of 11.89 per cent reported last week.

In the 'primary articles' group, the annual point-to-point inflation increased to 10.24 per cent, as compared to 10.15 per cent reported last week, but lower than 10.84 per cent reported for the week ending June 28, 2008.

Out of a total of 98 articles, 15 articles have shown a decline in prices as compared to July 12, 2008. These include bajra, maize, barley and jowar, papaya, okra, cabbage, onions, cardamoms, fish-marine, mustard seed and tea. Another 58 articles have shown no increase in prices.

Prices of all the 19 articles in commodity group 'fuel and power' have shown no increase.

In the case of 'manufactured products', out of a total 318 commodities, a large number, 288 in all, have shown no increase in prices over the last week. In the case of 10 commodities there is a decline in prices.

These commodities include rice bran oil, groundnut oil, imported edible oil, hessian bags and cloth and nylon filament and synthetic yarn.

Only 20 products, particularly basic and foundry pig iron, sugar and khandsari, cotton yarn- hanks and cones, lead ingots, groundnut and deoiled cake witnessed an increase in prices While the annual inflation rate for the group of 30 essential commodities went up from 5.82 reported for the week of July 12, to 6.67 reported now, it has remained in the range of 5.7 to 6.7 per cent in the 16 weeks of the current fiscal year.

Prices of essential commodities which include food grains, pulses, edible oils, vegetables, dairy products and some other commodities including kerosene, soap and safety matches have generally been stable.

All the three Consumer Price Indices indicate some decline in inflation in June 2008 compared to May 2008. Inflation measured by Consumer Price Index – Industrial Workers declined to 7.69 per cent in June 2008 compared to 7.75 per cent in May 2008.

Inflation measured by Consumer Price Indices for Agriculture and Rural Labourers in June 2008 was also lower at 8.77 per cent and 8.75 per cent, respectively, compared to inflation of 9.11 per cent and 8.84 per cent, respectively, in May 2008.”

Press Information Bureau Government of India


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Urmil Arya

Sushila International, a well established textile organisation established ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

December 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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

Yes No

Active Poll

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

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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

Yes No

Active Poll

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

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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

Active Poll

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

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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