Home / Knowledge / News / Textiles / India's WPI-based inflation at -0.85% in March
India's WPI-based inflation at -0.85% in March
18
Apr '16

India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at minus 0.85 per cent for March 2016 (over March 2015), according to the provisional data released by the Office of the Economic Adviser, Ministry of Commerce and Industry.

In comparison, annual rate of inflation was minus 0.91 per cent for February 2016 and minus 2.33 per cent during March 2015. Build up inflation rate in the financial year 2015-16 was minus 0.85 per cent compared to a build up rate of minus 2.33 per cent in the corresponding period of the previous year.

Meanwhile, the official WPI for all commodities (Base: 2004-05 = 100) for the month of March, 2016 rose by 0.3 per cent to 174.6 from 174.0 for the previous month.

The index for manufactured products (weight 64.97 per cent) for March, 2016 rose by 0.4 per cent to 153.7 from 153.1 for the previous month. The index for textiles sub-group rose by 0.1 per cent to 139.8 from 139.6 for the previous month due to higher price of jute yarn (6 per cent), jute sacking bag (3 per cent), jute sacking cloth (2 per cent), and man-made fabric (1 per cent). However, the price of tyre cord fabric declined by 2 per cent.

The index for primary articles (weight 20.12 per cent) declined by 0.2 per cent to 244.1 from 244.7 for the previous month. On the other hand, the index for fuel and power (weight 14.91 per cent) rose by 1.7 per cent to 172.4 from 169.6 for the previous month due to higher prices of aviation turbine fuel, high speed diesel, furnace oil, kerosene and bitumen. However, the price of electricity, petrol and LPG declined.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 4.83 (provisional) in March, 2016 compared to 5.26 in February, 2016 and 5.25 in March, 2015, according to the Central Statistics Office, Ministry of Statistics and Programme Implementation. (RKS)

 

Fibre2Fashion News Desk – India


Must ReadView All

UNIDO, eWTP discuss strengthening ties to back e-commmerce

Textiles | On 25th Apr 2018

UNIDO, eWTP discuss strengthening ties to back e-commmerce

United Nations Industrial Development Organisation director general...

Courtesy: HueTrap

Apparel/Garments | On 25th Apr 2018

Making sustainability affordable is a big challenge

In a lot of instances, being sustainable comes with an additional...

Courtesy: Formosa Petrochemical Corporation

Textiles | On 25th Apr 2018

Formosa to set up petrochemical plant in Louisiana

Formosa Petrochemical Corporation has selected St. James Parish in...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Amiben Shroff
Shrujan

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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