Home / Knowledge / News / Textiles / India's WPI inflation rises to 3.55% in July 2016
India's WPI inflation rises to 3.55% in July 2016
16
Aug '16
India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.55 per cent for July 2016 (over July 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 1.62 per cent for June 2016 and minus 4.00 per cent during July 2015. Build up inflation rate in the financial year 2016-17 so far was 4.91 per cent compared to a build up rate of 0.85 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 July, 2016 rose by 1.00 per cent to 183.9 from 182.0 for the previous month.

The index for manufactured products (weight 64.97 per cent) for July, 2016 rose by 0.3 per cent to 156.4 from 156.0 for the previous month. The index for textiles sub-group also rose by 0.4 per cent to 141.5 from 140.9 for the previous month due to higher price of jute sacking cloth and cotton yarn (2 per cent each), and man-made fabric (1 per cent). However, the price of gunny and hessian cloth declined 2 per cent.

The index for primary articles (weight 20.12 per cent) rose by 2.5 per cent to 269.5 from 262.8 for the previous month. On the other hand, the index for fuel and power (weight 14.91 per cent) rose by 0.8 per cent to 187.9 from 186.5 for the previous month due to higher prices of non-coking coal, furnace oil, and aviation turbine fuel.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 6.07 (provisional) in July, 2016 compared to 5.77 in June, 2016 and 3.69 in July, 2015, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Tejas N Patel, Navin D Patel

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

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

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

Silvia Venturini Fendi
Fendi s.r.l

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Amiben Shroff
Shrujan

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

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

January 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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
8.2%
Skip
9.3%

Total Votes: 97


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