Home / Knowledge / News / Apparel/Garments / WPI inflation for apparel up 1.9% in September 2019

WPI inflation for apparel up 1.9% in September 2019

14
Oct '19
Pic: Shutterstock
Pic: Shutterstock
India's annual rate of inflation, based on monthly wholesale price index (WPI), for September 2019, stood at 0.33 per cent over September 2018. The index for textiles dipped 0.3 per cent while for apparel it rose 1.9 per cent in September, 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 September 2019 declined by 0.1 per cent to 121.3 from the previous month’s level of 121.4, the data showed.

The index for manufactured products (weight 64.23 per cent) for September 2019 rose by 0.1 per cent to 117.9 from 117.8 for the previous month. The index for ‘Manufacture of Wearing Apparel’ sub-group also increased by 1.9 per cent to 138.9 from 136.3 for the previous month due to higher price of manufacture of woven apparel, except fur apparel, and knitted and crocheted apparel (1 per cent each).

The index for ‘Manufacture of Textiles’ sub-group, however, declined by 0.3 per cent to 117.9 from 118.3 for the previous month due to lower price of synthetic yarn (2 per cent), cotton yarn, and knitted and crocheted fabrics (1 per cent each). However, the price of other textiles and made-up textile articles, except apparel (1 per cent each) moved up.

The index for primary articles (weight 22.62 per cent) declined by 0.6 per cent to 143.0 from 143.9 for the previous month. The index for fuel and power (weight 13.15 per cent) also declined by 0.5 per cent to 100.2 from 100.7 for the previous month due to lower price of furnace oil, naphtha, petroleum coke, bitumen, ATF and petrol. However, prices of LPG and kerosene moved up.

Fibre2Fashion News Desk (RKS)


Must ReadView All

Pic: Shutterstock

Textiles | On 23rd Nov 2020

Japan aims to expand CPTPP trade pact

Japanese Prime Minister Yoshihide Suga recently said his country...

Pic: Shutterstock

Textiles | On 23rd Nov 2020

Bangladesh gets $256.5 mn from Green Climate Fund

Bangladesh recently received $256.5 million from the UN Green Climate ...

Pic: Mulberry

Apparel/Garments | On 23rd Nov 2020

Frasers raises Mulberry stake to 37%, considers offer

The Frasers Group, formerly called Sports Direct, recently announced...

Interviews View All

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Top executives, Indian retail players

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Oliver Schmitz,

Oliver Schmitz

Germany-based Gmöhling is a leading manufacturer of aluminium containers...

Karen Lou,

Karen Lou

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

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

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

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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


November 2020

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


Advanced Search