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WPI inflation for apparel up 0.4% in November 2019

16
Dec '19
Pic: Shutterstock
Pic: Shutterstock
India's annual rate of inflation, based on monthly wholesale price index (WPI), for November 2019, stood at 0.58 per cent over November 2018. The index for textiles dipped 0.5 per cent while for apparel it was up 0.4 per cent in October, 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 November 2019 rose by 0.10 per cent to 122.3 from the previous month’s level of 122.2, the data showed.

The index for manufactured products (weight 64.23 per cent) for November 2019 declined by 0.1 per cent to 117.8 from the previous month level of 117.9. The index for ‘Manufacture of Wearing Apparel’ sub-group rose by 0.4 per cent to 138.9 from 138.4 for the previous month due to higher price of manufacture of woven apparel, except fur apparel (1 per cent).

The index for ‘Manufacture of Textiles’ sub-group, on the other hand, declined by 0.5 per cent to 117.1 from 117.7 for the previous month due to lower price of synthetic yarn, and texturised and twisted yarn (2 per cent each) and viscose yarn and cotton yarn (1 per cent each). However, the price of cordage, rope, twine and netting (2 per cent) moved up.

The index for primary articles (weight 22.62 per cent) rose by 0.9 per cent to 147.3 from 146.0 for the previous month. The index for fuel and power (weight 13.15 per cent), however, declined by 0.8 per cent to 101.3 from 102.1 for the previous month due to lower price of furnace oil, ATF, HSD and bitumen. However, the price of LPG, naphtha and kerosene moved up.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 5.54 (provisional) in November 2019 compared to 4.62 (final) in October 2019 and 2.33 in November 2018, according to the Central Statistics Office, ministry of statistics and programme implementation.

Fibre2Fashion News Desk (RKS)


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