Home / Knowledge / News / Textiles / India's WPI inflation rises to 3.74% in August 2016
India's WPI inflation rises to 3.74% in August 2016
14
Sep '16
India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.74 per cent for August 2016 over corresponding month of the previous year.  Accordingly, build up inflation rate in the financial year 2016-17 so far is 4.45 per cent compared to a build up rate of 0.23 per cent in the corresponding period of the 2015-16.

Annual rate of inflation was 3.55 per cent for June 2016 and minus 5.06 per cent in August 2015.

Meanwhile, the official WPI for all commodities (Base: 2004-05 = 100) for the month of August, 2016 declined by 0.4 per cent to 183.1 from 183.9 for the previous month, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.

The index for manufactured products (weight 64.97 per cent) for August, 2016 rose by 0.2 per cent to 156.7 from 156.4 for the previous month. The index for textiles sub-group also rose by 0.4 per cent to 142.1 from 141.5 for the previous month due to higher price of jute sacking bag (5 per cent) and jute sacking cloth, cotton yarn and man-made fabric (1 per cent each). However, the price of gunny and hessian cloth declined 2 per cent.

The index for primary articles (weight 20.12 per cent) declined by 0.2 per cent to 268.9 from 269.5 for the previous month. Likewise, the index for fuel and power (weight 14.91 per cent) declined by 3 per cent to 182.2 from 187.9 for the previous month due to lower prices of high speed diesel, aviation turbine fuel, petrol, furnace oil, LPG, kerosene, and bitumen.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 5.05 (provisional) in August, 2016 compared to 6.07 (final) in July, 2016 and 3.74 in August, 2015, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 27th Sep 2016

SASEC countries plan greater economic cooperation

The six member countries of the South Asia Sub-regional Economic...

Textiles | On 27th Sep 2016

CBEC unveils draft rules for registration under GST

The Central Board of Excise and Customs (CBEC) has unveiled draft...

Textiles | On 27th Sep 2016

Pak spinner Sajjad Textile halts operation

In a filing with the stock exchange, Pakistan yarn spinner Sajjad...

Interviews View All

Frank Gossmann
Rotorcraft AG

Sunil Rathore
Lacoste India

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

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

Tony Ward
Tony Ward

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

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