Home / Knowledge / News / Textiles / India's WPI inflation slows down to 3.57% in Sept 2016
India's WPI inflation slows down to 3.57% in Sept 2016
14
Oct '16
India's annual rate of inflation, based on monthly wholesale price index (WPI), slowed down to 3-month low of 3.57 per cent for September 2016 over corresponding month of the previous year. Build up inflation rate in the financial year 2016-17 so far stood at 4.28 per cent compared to a build up rate of 0.23 per cent in the same period of the 2015-16.

Annual rate of inflation was 3.74 per cent for August 2016 and minus 4.59 per cent in September 2015.

Meanwhile, the official WPI for all commodities (Base: 2004-05 = 100) for the month of September, 2016 declined by 0.2 per cent to 182.8 from 183.1 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 September, 2016 rose by 0.3 per cent to 157.1 from 156.7 for the previous month. The index for textiles sub-group also rose by 0.1 per cent to 142.2 from 142.1 for the previous month due to higher price of jute yarn (1 per cent). However, the price of tyre cord fabric and gunny and hessian cloth (4 per cent each), jute sacking cloth (2 per cent) and jute sacking bag (1 per cent) declined.

The index for primary articles (weight 20.12 per cent) declined by 1.9 per cent to 263.9 from 268.9 for the previous month. On the other hand, the index for fuel and power (weight 14.91 per cent) rose by 1.8 per cent to 185.4 from 182.2 for the previous month due to higher prices of furnace oil, petrol, high speed diesel, kerosene, and bitumen.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 4.31 (provisional) in September, 2016 compared to 5.05 (final) in August, 2016 and 4.41 in September, 2015, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Kai Poehler
Voith Paper GmbH & Co. KG

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

Steve Cole
Xerium Technologies

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

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

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:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search