Home / Knowledge / News / Textiles / India's WPI inflation at 1.62% in June 2016
India's WPI inflation at 1.62% in June 2016
14
Jul '16
India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at 1.62 per cent for June 2016 (over June 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 0.79 per cent for May 2016 and minus 2.13 per cent during June 2015. Build up inflation rate in the financial year 2016-17 so far was 3.82 per cent compared to a build up rate of 1.70 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 June, 2016 rose by 1.4 per cent to 182.0 from 179.4 for the previous month.

The index for manufactured products (weight 64.97 per cent) for June, 2016 rose by 0.2 per cent to 156.0 from 155.7 for the previous month. The index for textiles sub-group also rose by 0.2 per cent to 140.9 from 140.6 for the previous month due to higher price of gunny and hessian cloth (2 per cent), tyre cord fabric, jute yarn, jute sacking cloth and cotton yarn (1 per cent each).  However, the price of man-made fabric and jute sacking bag (1 per cent each) declined.

The index for primary articles (weight 20.12 per cent) rose by 2.9 per cent to 262.8 from 255.3 for the previous month. On the other hand, the index for fuel and power (weight 14.91 per cent) rose by 3.4 per cent to 186.5 from 180.3 for the previous month due to higher prices of furnace oil, aviation turbine fuel, high speed diesel, petrol, kerosene and LPG.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 5.77 (provisional) in June, 2016 compared to 5.76 in May, 2016 and 5.40 in June, 2015, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 26th Sep 2016

Azerbaijan pins hope on revival of cotton sector

In the midst of economic problems, Azerbaijan president Ilham Aliyev...

Textiles | On 26th Sep 2016

Aleph unveils new LaForte wide format inkjet printers

Aleph, developer of a complete range of innovative digital printing...

Textiles | On 26th Sep 2016

Hank yarn delivery lead times to handloom sector high: Study

A study has concluded that hank yarn delivered by the National...

Interviews View All

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

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

Kerem Durdag
Biovation II LLC

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

Ritu Kumar
Label Ritu Kumar

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

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

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