Home / Knowledge / News / Apparel/Garments / WPI inflation for apparel drops 1.2% in July 2019

WPI inflation for apparel drops 1.2% in July 2019

14
Aug '19
Pic: Shutterstock
Pic: Shutterstock
India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at 1.08 per cent for the month of July 2019 as compared to 5.27 per cent during the same month of 2018. The index for apparel was down 1.2 per cent in July, 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 July 2019 declined by 0.2 per cent to 121.2 from the previous month’s level of 121.5, the data showed.

The index for manufactured products (weight 64.23 per cent) for July 2019 declined by 0.3 per cent to 118.1 from 118.4 for the previous month. The index for ‘Manufacture of Wearing Apparel’ sub-group declined by 1.2 per cent to 137.1 from 138.7 for the previous month due to lower price of woven apparel, except fur apparel (1 per cent), and knitted and crocheted apparel (1 per cent).

The index for primary articles (weight 22.62 per cent) rose by 0.5 per cent to 142.2 from 141.4 for the previous month. On the other hand, the index for fuel and power (weight 13.15 per cent) declined by 1.5 per cent to 100.6 from 102.1 for the previous month due to lower price of LPG, ATF, naphtha, petroleum coke, HSD, kerosene, furnace oil and petrol. However, the price of bitumen moved up.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 3.15 (provisional) in July 2019 compared to 3.18 (final) in June 2019 and 4.17 in July 2018, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Sep 2020

Global economic forecast not as dark as earlier guess: IMF

Though the global economic outlook is not quite as dark as expected...

Pic: Edinburgh Woollen Mill

Fashion | On 26th Sep 2020

FRP appointed to value Peacocks, Edinburgh Woollen Mill

Edinburgh Woollen Mill Group CEO Philip Day has started the...

Pic: Shutterstock

Retail | On 26th Sep 2020

India plans retail trade policy, settling logistics policy

India plans to formulate a retail trade policy for which stakeholder...

Interviews View All

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Asim Dalal, Indo Count Retail Ventures

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Yogesh Kanani,

Yogesh Kanani

Incorporated in 1999, Purani Textiless Private Limited is a leading...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Subrata Ghosh,

Subrata Ghosh

Nandan Denim, part of leading conglomerate Chiripal Group, commenced its...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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


September 2020

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


Advanced Search