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WPI inflation for apparel dips 0.2% in June 2017
14
Jul '17
India’s annual rate of inflation, based on monthly wholesale price index (WPI), dropped to 0.90 per cent for June 2017 over same month of the previous year. The index for ‘Manufacturing of wearing apparel’ declined by 0.2 per cent to 133.2 in June from 133.5 in May 2017 due to lower price of manufacture of wearing apparel (woven), except fur apparel.

Meanwhile, the official WPI for all commodities (Base: 2011-12 = 100) for the month of June, 2017 declined by 0.1 per cent to 112.7 from 112.8 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 64.23 per cent) for June, 2017 declined by 0.1 per cent to 112.5 from 112.6 for the previous month. The index for textiles sub-group increased by 0.1 per cent to 113.7 from 113.6 for the previous month due to higher price of cotton yarn, viscose yarn and weaving and finishing of textiles (1 per cent each). However, the price of manufacture of other textiles declined by 1 per cent.

The index for ‘Manufacture of Wearing Apparel’ sub-group declined by 0.2 per cent to 133.2 in June, 2017 from 133.5 for the previous month due to lower price of manufacture of wearing apparel (woven), except fur apparel (1 per cent). However, the price of manufacture of knitted and crocheted apparel (1 per cent) moved up.

The index for primary articles (weight 22.62 per cent) rose by 0.3 per cent to 126.9 from 126.5 for the previous month. On the other hand, the index for fuel and power (weight 13.15 per cent) declined by 1.2 per cent to 89.7 from 90.8 for the previous month due to lower prices of LPG, naphtha, ATF, HSD, petrol and lube oils. However, the price of petroleum coke and furnace oil moved up. (RKS)

Fibre2Fashion News Desk – India


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