India's WPI inflation for textiles up 3.47% in January 2021

15 Feb '21

2 min read

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India's annual rate of inflation, based on monthly wholesale price index (WPI), for January 2021, stood at 2.03 per cent over January 2020. The index for textiles increased by 3.47 per cent, while it rose by 0.36 per cent for apparel in January, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.

The official WPI for all commodities (Base: 2011-12 = 100) for the month of January 2021 increased to 125.9 from previous month's 124.5, showing positive inflation for the sixth consecutive month since April this year when the economy was hit by COVID-19 pandemic and lockdowns.

The index for manufactured products (weight 64.23 per cent) for January 2021 increased by 1.54 per cent to 124.9 from 123.0 for the month of December 2020. The index for ‘Manufacture of Textiles’ sub-group too rose by 3.47 per cent to 122.4 from previous month's 118.3. The index for ‘Manufacture of Wearing Apparel’ sub-group also rose by 0.36 per cent to 139.5 from previous month's 139.0.

The index for primary articles (weight 22.62 per cent) decreased by 1.77 per cent to 143.9 in January 2021 from previous month's 146.5. The index for fuel and power (weight 13.15 per cent) however increased by 5.84 per cent to 99.7.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 156.3 (provisional) in January 2021 compared to 157.3 (final) in December 2020, according to the Central Statistics Office, ministry of statistics and programme implementation.

Fibre2Fashion News Desk (RKS)

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