Home / Knowledge / News / Textiles / India's WPI-based inflation at -2.33% in March 2015
India's WPI-based inflation at -2.33% in March 2015
15
Apr '15
The annual rate of inflation, based on monthly wholesale price index (WPI), stood at minus 2.33 per cent for March 2015 (over March 2014), 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 minus 2.06 per cent for February 2015 and 6.00 per cent during March 2014. Build up inflation rate in the financial year 2014-15 remained negative and was at minus 2.33 per cent compared to a build up rate of 6.00 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 March, 2015 rose by 0.2 per cent to 176.1 from 175.8 for the previous month.
 
The index for manufactured products (weight 64.97 per cent) for March, 2015 declined by 0.1 per cent to 153.9 from February 2015’s level of 154.1. The index for textiles sub-group also declined by 0.2 per cent to 139,9 from 140.2 for the previous month due to lower price of man-made fabric (2 per cent) and man-made fibre, cotton yarn and tyre cord fabric (1 per cent each). However, the price of gunny and hessian cloth (2 per cent) and cotton fabric, jute sacking cloth, jute sacking bag and jute yarn (1 per cent each) moved up.
 
The index for primary articles (weight 20.12 per cent) declined by 1.0 per cent to 239.6 from 241.9 for the previous month. On the other hand, the index for fuel and power (weight 14.91 per cent) rose by 3.3 per cent to 187.3 from 181.3 for the previous month due to higher price of aviation turbine fuel, furnace oil, high speed diesel, petrol, naphtha and kerosene.
 
Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 5.17 (provisional) in March, 2015 compared to 5.37 in February, 2015 and 8.25 in March, 2014, according to the Central Statistics Office, Ministry of Statistics and Programme Implementation. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

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

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

July 2017

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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X