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

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Sanjukta Dutta
Sanjukta's Studio

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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