Home / Knowledge / News / Textiles / WPI inflation for textiles rises 0.2% in March 2017
WPI inflation for textiles rises 0.2% in March 2017
17
Apr '17
India's annual rate of inflation, based on monthly wholesale price index (WPI), increased to 5.70 per cent for March 2017 over corresponding month of the previous year. The index for textiles sub-group rose by 0.2 per cent to 142.9 in March from 142.6 in February 2017 due to higher price of tyre cord fabric (5 per cent) and man-made fibre (1 per cent).
 
Build up inflation rate in the financial year 2016-17 so far stood at 5.70 per cent compared to a build up rate of minus 0.45 per cent in the same period of the 2015-16. Annual rate of inflation was 6.55 per cent for February 2017 and minus 0.45 per cent in March 2016.
 
Meanwhile, the official WPI for all commodities (Base: 2004-05 = 100) for the month of March, 2017 declined by 0.1 per cent to 185.3 from 185.5 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 March, 2017 declined by 0.1 per cent to 158.7 from 158.8 for the previous month. The index for textiles sub-group rose by 0.2 per cent to 142.9 from 142.6 for the previous month due to higher price of tyre cord fabric (5 per cent) and gunny and hessian cloth, man-made fibre, jute yarn and cotton fabric (1 per cent each).
 
The index for primary articles (weight 20.12 per cent) declined by 0.2 per cent to 257.5 from 258.1 for the previous month. The index for fuel and power (weight 14.91 per cent) also declined by 0.1 per cent to 203.7 from 203.8 for the previous month due to lower price of bitumen and furnace oil.  However, the price of LPG and aviation turbine fuel moved up.
 
Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 3.81 (provisional) in March, 2017 compared to 3.65 (final) in February, 2017 and 4.83 in March, 2016, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

India’s WPI inflation for textiles up 0.3% in Nov 2017

Textiles | On 14th Dec 2017

India’s WPI inflation for textiles up 0.3% in Nov 2017

India’s annual rate of inflation, based on monthly wholesale price...

Cambodia’s economic growth to remain strong in 2017 & 2018

Apparel/Garments | On 14th Dec 2017

Cambodia’s economic growth to remain strong in 2017 & 2018

Cambodia’s economy is expected to grow at 6.9 per cent and 6.8 per...

2 garment factories to be set up in Jordan’s Arjan, Souf

Apparel/Garments | On 14th Dec 2017

2 garment factories to be set up in Jordan’s Arjan, Souf

Jordanian Prime Minister Hani Mulki recently laid the foundation...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Vikas Banduke

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Igor Chapurin
Chapurin

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

December 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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