Home / Knowledge / News / Textiles / India's WPI inflation rises to 5.25% in January 2017
India's WPI inflation rises to 5.25% in January 2017
14
Feb '17
India’s annual rate of inflation, based on monthly wholesale price index (WPI), increased to 5.25 per cent for January 2017 over corresponding month of the previous year. Build up inflation rate in the financial year 2016-17 so far stood at 5.31 per cent compared to a build up rate of minus 0.40 per cent in the same period of the 2015-16.

Annual rate of inflation was 3.39 per cent for December 2016 and minus 1.07 per cent in January 2016.

Meanwhile, the official WPI for all commodities (Base: 2004-05 = 100) for the month of January, 2017 rose by 1 per cent to 184.6 from 182.8 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 January, 2017 rose by 0.5 per cent to 158.8 from 158.0 for the previous month. The index for textiles sub-group also rose by 0.5 per cent to 142.3 from 141.6 for the previous month due to higher price of gunny and hessian cloth (4 per cent), cotton yarn and jute sacking cloth (2 per cent each) and tyre cord fabric and man-made fabric (1 per cent each). However, the price of jute sacking bag (1 per cent) declined.

The index for primary articles (weight 20.12 per cent) declined by 0.2 per cent to 255.7 from 256.3 for the previous month. On the other hand, the index for fuel and power (weight 14.91 per cent) rose by 4.7 per cent to 201.2 from 192.1 for the previous month due to higher prices of coking coal, aviation turbine fuel, furnace oil, high speed diesel, petrol, bitumen and kerosene.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 3.17 (provisional) in January, 2017 compared to 3.41 (final) in December, 2016 and 5.69 in January, 2016, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Apparel/Garments | On 23rd Apr 2018

Transparency helps in swiftly alerting brands

Disclosing key supplier, supply chain and operational information...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Interviews View All

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Nitesh Mittal

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

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

Leave your Comments


April 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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
7.8%
Skip
9.7%

Total Votes: 103


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