The year-on-year (YoY) inflation rate for India’s clothing and footwear sector was 3.61 per cent in December last year, according to provisional data released by the National Statistical Office (NSO). The consumer price index (CPI) for the sector in December 2023 was 189.6, whereas it was 183 in December 2022.
For the clothing sub-sector, the YoY inflation rate was 3.75 per cent, the CPI being 190.9 in December last year and 184 in December 2022, while for footwear, the rate was 3.05 per cent, the CPI being 182.4 in December last year and 177 in December 2022, the country’s ministry of statistics and programme implementation said in a release.
The YoY CPI inflation rate in general was 5.69 per cent (provisional) in December last year and 5.55 per cent (final) in November. The general CPI was 185.7 in December last year, 186.3 in the month before and 175.7 in December 2022.
The YoY inflation rate for India's clothing and footwear sector was 3.61 per cent in December last year, official provisional data show.
The consumer price index (CPI) for the sector in December 2023 was 189.6, whereas it was 183 in December 2022.
For the clothing sub-sector, the YoY inflation rate was 3.75 per cent, while for footwear, it was 3.05 per cent.#
Fibre2Fashion News Desk (DS)
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