Home / Knowledge / News / Textiles / India's WPI inflation at 1.62% in June 2016
India's WPI inflation at 1.62% in June 2016
14
Jul '16
India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at 1.62 per cent for June 2016 (over June 2015), according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.

In comparison, annual rate of inflation was 0.79 per cent for May 2016 and minus 2.13 per cent during June 2015. Build up inflation rate in the financial year 2016-17 so far was 3.82 per cent compared to a build up rate of 1.70 per cent in the corresponding period of the previous year.

Meanwhile, the official WPI for all commodities (Base: 2004-05 = 100) for the month of June, 2016 rose by 1.4 per cent to 182.0 from 179.4 for the previous month.

The index for manufactured products (weight 64.97 per cent) for June, 2016 rose by 0.2 per cent to 156.0 from 155.7 for the previous month. The index for textiles sub-group also rose by 0.2 per cent to 140.9 from 140.6 for the previous month due to higher price of gunny and hessian cloth (2 per cent), tyre cord fabric, jute yarn, jute sacking cloth and cotton yarn (1 per cent each).  However, the price of man-made fabric and jute sacking bag (1 per cent each) declined.

The index for primary articles (weight 20.12 per cent) rose by 2.9 per cent to 262.8 from 255.3 for the previous month. On the other hand, the index for fuel and power (weight 14.91 per cent) rose by 3.4 per cent to 186.5 from 180.3 for the previous month due to higher prices of furnace oil, aviation turbine fuel, high speed diesel, petrol, kerosene and LPG.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 5.77 (provisional) in June, 2016 compared to 5.76 in May, 2016 and 5.40 in June, 2015, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

UK retailers may face extra £190 mn in business rates

Apparel/Garments | On 21st Sep 2018

UK retailers may face extra £190 mn in business rates

Retailers in the UK are likely to face an extra £190 million on their ...

Courtesy: EFI

Textiles | On 21st Sep 2018

Digital textile printing expected to grow at 20% CAGR

Digital textile printing is at this time about 3-4 per cent of all...

Bangladesh demands better prices for garment items from US

Apparel/Garments | On 21st Sep 2018

Bangladesh demands better prices for garment items from US

Bangladesh sought better prices for its exports, especially garments, ...

Interviews View All

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

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

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Yashiki Gumber, Sahiba Fabrics

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Ravi Raj Desai,

Ravi Raj Desai

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

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Apurva Kothari,

Apurva Kothari

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

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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 2018

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

news category


Related Categories:

Advanced Search