Home / Knowledge / News / Apparel/Garments / WPI inflation for apparel rises 0.6% in April 2017
WPI inflation for apparel rises 0.6% in April 2017
15
May '17
India's annual rate of inflation, based on monthly wholesale price index (WPI), dropped to 3.85 per cent for April 2017 over same month of the previous year. The index for the newly introduced apparel sub-group rose by 0.6 per cent to 134.1 in April from 133.3 in March 2017 due to higher price of manufacture of wearing apparel (woven), except fur apparel.

Meanwhile, the official WPI for all commodities (Base: 2011-12 = 100) for the month of April, 2017 declined by 0.2 per cent to 113.2 from 113.4 for the previous month, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.

The index for manufactured products (weight 64.23 per cent) for April, 2017 remained unchanged at its previous month level of 112.1. The index for textiles sub-group rose by 0.2 per cent to 113.3 from 113.1 for the previous month due to higher price of fabric, polyethylene, bed linen/bed spread and cotton dyed/printed textile (1 per cent each).  However, the prices of woollen woven cloth, terry towel and carpets and other floor coverings of textiles (1 per cent each) declined.

The index for ‘Manufacture of Wearing Apparel’ sub-group, newly introduced from April, rose by 0.6 per cent to 134.1 from 133.3 for the previous month due to higher price of manufacture of wearing apparel (woven), except fur apparel (1 per cent).

The index for primary articles (weight 22.62 per cent) rose by 0.4 per cent to 128.4 from 127.9 for the previous month. On the other hand, the index for fuel and power (weight 13.15 per cent) declined by 1.9 per cent to 92.8 from 94.6 for the previous month due to lower price of naphtha and furnace oil, aviation turbine fuel (ATF),  petrol, high speed diesel (HSD), bitumen, kerosene and LPG. However, the prices of coking coal and petroleum coke moved up.

The revision of the base year of all-India WPI from 2004-05 to 2011-12 is the seventh such revision, changing the basket ofcommodities and assigning new weights to the commodities. In the revised series, WPI continues to constitute three major groups namely Primary Articles, Fuel & Power and Manufactured Products. In all 199 new items have been added and 146 old items have been dropped, taking the total number of items included in the WPI to 697. The new series is more representative with increase in number of quotations from 5482 to 8331, an increase by 2849 quotations (52 per cent). (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Fashion | On 2nd Dec 2020

Fashion industry suffering worst year on record: report

Global fashion sales and economic profit—a measure of value where...

Pic: Global Fashion Agenda

Apparel/Garments | On 2nd Dec 2020

GFA launches Circular Fashion Partnership in Bangladesh

Denmark-based sustainability forum Global Fashion Agenda (GFA)...

Pic: Shutterstock

Textiles | On 2nd Dec 2020

Pakistan's textile & apparel exports up 3.78% in July-Oct

The value of textile and garment exports from Pakistan rose by 3.78...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Top executives, Textile industry

Top executives
Textile industry

Textile institutes need to change their curriculum

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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


December 2020

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


Advanced Search