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

Pic: Modanisa

Apparel/Garments | On 23rd Mar 2019

European bank invests in Turkish fashion e-com platform

The European Bank for Reconstruction and Development (EBRD) recently...

UNIDO to train cotton farmers in Egypt on sustainability

Textiles | On 23rd Mar 2019

UNIDO to train cotton farmers in Egypt on sustainability

The United Nations Industrial Development Organisation (UNIDO) has...

China to boost investment in Bangladesh: envoy

Textiles | On 23rd Mar 2019

China to boost investment in Bangladesh: envoy

China would facilitate more investment by its companies and small and ...

Interviews View All

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Evelyne Cholet, UCMTF

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

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