Home / Knowledge / News / Apparel/Garments / WPI inflation for apparel down 0.7% in February 2019

WPI inflation for apparel down 0.7% in February 2019

15
Mar '19
Pic: Pxhere
Pic: Pxhere
India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at 2.93 per cent for the month of February 2019. The index for textiles rose by 0.2 per cent while for apparel it declined by 0.7 per cent in February, 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 February 2019 rose by 0.3 per cent to 119.5 from the previous month’s level of 119.2, the data showed.

The index for manufactured products (weight 64.23 per cent) for February 2019 rose by 0.2 per cent to 118.1 from the previous month’s level of 117.9. The index for ‘Manufacture of Wearing Apparel’ sub-group declined by 0.7 per cent to 139.2 from 140.2 for the previous month due to lower price of knitted and crocheted apparel (2 per cent).

The index for ‘Manufacture of Textiles’ sub-group rose by 0.2 per cent to 119.0 from 118.8 for the previous month due to higher price of weaving and finishing of textiles (1 per cent). However, the price of texturised and twisted yarn, cordage, rope, twine and netting, and other textiles (1 per cent each) declined.

The index for primary articles (weight 22.62 per cent) declined by 0.2 per cent to 134.2 from 134.5 for the previous month. The index for fuel and power (weight 13.15 per cent) rose by 1.7 per cent to 101.0 from 99.3 for the previous month due to higher price of furnace oil, naphtha, HSD, petroleum coke, petrol and kerosene.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 2.57 (provisional) in February 2019 compared to 1.97 (final) in January, 2019 and 4.44 in February, 2018, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

European Union offers UK more time to leave bloc

Textiles | On 22nd Mar 2019

European Union offers UK more time to leave bloc

Prime Minister Theresa May has been offered two weeks’ Brexit...

Introduction of Trade Act is unacceptable: AmCham Cambodia

Textiles | On 22nd Mar 2019

Introduction of Trade Act is unacceptable: AmCham Cambodia

The American Chamber of Commerce (AmCham) Cambodia is deeply...

Indian e-com, consumer internet firms raise $7 bn in PE-VC

Apparel/Garments | On 22nd Mar 2019

Indian e-com, consumer internet firms raise $7 bn in PE-VC

Indian e-commerce and consumer internet companies have raised over $7 ...

Interviews View All

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Spring Chang,

Spring Chang

A specialist in manufacturing printing machines, <b>Wenzhou Changs</b>...

Mario Ploner,

Mario Ploner

<div>Italian company Tecnomeccanica Biellese specialises in planning and...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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


March 2019

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

news category


Related Categories:

Advanced Search