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WPI inflation for clothing down 0.5% in September 2020

14
Oct '20
Pic: reddees / Shutterstock.com
Pic: reddees / Shutterstock.com
India's annual rate of inflation, based on monthly wholesale price index (WPI), for September 2020, stood at 1.32 per cent over September 2019. The index for textiles declined by 3.57 per cent and for apparel by 0.5 per cent in September, 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 September 2020 increased by 1.32 per cent to 122.9, showing positive inflation for the second 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 September 2020 increased by 1.61 per cent to 119.8 from 119.3 for the month of August 2020. The index for ‘Manufacture of Wearing Apparel’ sub-group, however, declined by 0.5 per cent to 138.1. The index for ‘Manufacture of Textiles’ sub-group too decreased by 3.57 per cent to 113.4.
 
The index for primary articles (weight 22.62 per cent) rose by 5.1 per cent to 150.3. The index for fuel and power (weight 13.15 per cent) however decreased by 9.54 per cent to 91.0.
 
Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 156.5 (provisional) in September 2020 compared to 154.7 (final) in August 2020, according to the Central Statistics Office, ministry of statistics and programme implementation.
 

Fibre2Fashion News Desk (RKS)


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