Home / Knowledge / News / Apparel/Garments / WPI inflation for apparel up 1.3% in January 2019

WPI inflation for apparel up 1.3% in January 2019

14
Feb '19
Courtesy: Pxhere
Courtesy: Pxhere
India’s annual rate of inflation, based on monthly wholesale price index (WPI), eased to ten-month low of 2.76 per cent for the month of January 2019. The index for apparel rose by 1.3 per cent to 140.2 in January, 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 January 2019 declined by 0.7 per cent to 119.2 from the previous month’s level of 120.1, the data showed.

The index for manufactured products (weight 64.23 per cent) for January 2019 declined by 0.3 per cent to 117.9 from the previous month’s level of 118.3. The index for ‘Manufacture of Wearing Apparel’ sub-group rose by 1.3 per cent to 140.2 from 138.4 for the previous month due to higher price of woven apparel except fur apparel (2 per cent).

The index for ‘Manufacture of Textiles’ sub-group, on the other hand, declined by 0.3 per cent to 118.8 from 119.2 for the previous month due to higher price of lower price of synthetic yarn, knitted and crocheted fabrics, cordage, rope, twine and netting, other textiles, texturised and twisted yarn, and weaving and finishing of textiles (1 per cent each).  However, the price of viscose yarn (2 per cent) and woollen yarn (1 per cent) moved up.

The index for primary articles (weight 22.62 per cent) declined by 0.1 per cent to 134.5 from 134.7 for the previous month. The index for fuel and power (weight 13.15 per cent) declined by 4.1 per cent to 99.3 from 103.5 for the previous month due to lower price of ATF, furnace oil, bitumen, LPG, naphtha, kerosene, petrol and HSD.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 2.05 (provisional) in January 2019 compared to 2.11 (final) in December, 2018 and 5.07 in December, 2018, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Charge 1p per garment to tackle fast fashion: British MPs

Apparel/Garments | On 21st Feb 2019

Charge 1p per garment to tackle fast fashion: British MPs

A panel of British parliament members cutting across party lines...

Chinese textile city to harm Egypt's domestic industry

Textiles | On 21st Feb 2019

Chinese textile city to harm Egypt's domestic industry

Setting up of a Chinese textile city in Egypt will severely harm the...

India-Pak cotton trade may not be hit by import duty hike

Textiles | On 21st Feb 2019

India-Pak cotton trade may not be hit by import duty hike

India’s export of ginned cotton and cotton yarn to Pakistan may...

Interviews View All

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Pinkesh Jain, Everflow Petrofils Ltd

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Carolin Russ,

Carolin Russ

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

Apurva Kothari,

Apurva Kothari

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

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

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

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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


February 2019

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

news category


Related Categories:

Advanced Search