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

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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