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

L-R: Smriti Irani, Vanathi Srinivasan and M Senthilkumar

Textiles | On 30th Sep 2016

Textile industry appeals for cotton fibre security

A pan-India textile industry delegation has urged Union textiles...

Courtesy: Kelheim Fibre

Textiles | On 30th Sep 2016

Kelheim Fibres develops static dissipative viscose fibre

Germany based specialty fibre producer Kelheim Fibres has developed a ...

Apparel/Garments | On 30th Sep 2016

Cambodian workers to get $153 minimum wage from Jan

Garment workers in Cambodia would get a minimum wage of $153 per...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Dharmendra Shah
Ozone PB Spintex Limited

Kerem Durdag
Biovation II LLC

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search