Home / Knowledge / News / Apparel/Garments / India's WPI inflation for apparel rises 1.2% in May
India's WPI inflation for apparel rises 1.2% in May
14
Jun '18
India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at 4.43 per cent for the month of May 2018 over same month of last year. The index for apparel increased by 1.2 per cent to 141.0 in May, 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 May 2018 rose by 0.9 per cent to 117.9 from the previous month’s level of 116.8, the data showed.

The index for manufactured products (weight 64.23 per cent) for May 2018 rose by 0.6 per cent to 116.8 from 116.1 for the previous month. The index for ‘Manufacture of Wearing Apparel’ sub-group rose by 1.2 per cent to 141.0 from 139.3 for the previous month due to higher price of woven apparel (except fur apparel) and knitted and crocheted apparel (1 per cent each).

The index for ‘Manufacture of Textiles’ sub-group too rose by 1.0 per cent to 115.5 from 114.4 for the previous month due to higher price of texturised and twisted yarn (2 per cent), weaving and finishing of textiles, synthetic yarn, manufacture of knitted and crocheted fabrics, manufacture of made-up textile articles (except apparel), cotton yarn and woollen yarn (1 per cent each). However, the price of manufacture of other textiles (3 per cent) and viscose yarn (1 per cent) declined.

The index for primary articles (weight 22.62 per cent) rose by 1.1 per cent to 130.6 from 129.2 for the previous month. The index for fuel and power (weight 13.15 per cent) also rose by 2.2 per cent to 101.1 from 98.9 for the previous month due to due to higher price of naphtha, petroleum coke, furnace oil, HSD, kerosene and petrol.  However, the price of LPG and bitumen declined.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 4.87 (provisional) in May 2018 compared to 4.58 (final) in April, 2018 and 2.18 in May, 2017, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Businesswire/PrimaLoft

Textiles | On 18th Nov 2018

PrimaLoft unveils PrimaLoft Bio Performance Fabric

PrimaLoft, a leader in advanced material technology, has unveiled...

Higher sales and earnings at Macy's in Q3FY18

Fashion | On 18th Nov 2018

Higher sales and earnings at Macy's in Q3FY18

Higher sales and earnings were recorded at Macy’s, one of the premier ...

Courtesy: Amazon

Apparel/Garments | On 18th Nov 2018

Amazon's new headquarters in New York City, Arlington

Amazon is setting up two new headquarters, one in New York City and...

Interviews View All

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek, Kannbar

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

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

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

Leave your Comments


November 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search