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
Apparel/Garments | On 28th May 2017
Over 45 per cent retailers in the US plan to utilise artificial...
Textiles | On 27th May 2017
The Fabric of Change initiative of Ashoka and the C&A Foundation is...
‘Sustainable fashion is trending upwards, slowly but surely, as people...
‘Portugal is taking away a major share of the mill made sector.’
Max Fashion India
‘Traditional high-street retailers are now willing to offer franchisees to ...
InvestKonsult Sweden AB
Investkonsult Sweden AB has been buying and selling second-hand textile...
About one in every 20 patients picks up an infection while hospitalised....
Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...
"We should not compare India and the West. There are things we do that...
"You have to truly understand what your client wants, know her needs, what ...
Gildan Activewear SRL
Gildan Activewear, a manufacturer and marketer of branded clothing and...