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India's WPI inflation for apparel up 0.7% in October

Nov '18
Courtesy: Pexels
Courtesy: Pexels
India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at 5.28 per cent for the month of October 2018 over same month of the last year. The index for apparel was up by 0.7 per cent to 139.6 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 October 2018 rose by 0.7 per cent to 121.7 from the previous month’s level of 120.8, the data showed.

The index for manufactured products (weight 64.23 per cent) for October 2018 rose by 0.3 per cent to 118.8 from 118.5 for the previous month. The index for ‘Manufacture of Wearing Apparel’ sub-group rose by 0.7 per cent to 139.6 from 138.6 for the previous month due to higher price of knitted and crocheted apparel (2 per cent).

The index for ‘Manufacture of Textiles’ sub-group also rose by 0.1 per cent to 119.0 from 118.9 for the previous month due to higher price of other textiles (2 per cent) and woollen yarn, synthetic yarn, viscose yarn, weaving & finishing of textiles and manufacture of cordage, rope, twine & netting (1 per cent each). However, the price of made-up textile articles, except apparel (3 per cent) declined.

The index for primary articles (weight 22.62 per cent) also rose by 0.7 per cent to 136.3 from 135.4 for the previous month. The index for fuel and power (weight 13.15 per cent) was up by 3.6 per cent to 111.1 from 107.2 for the previous month due to higher price of bitumen, furnace oil, naphtha, ATF, LPG, kerosene, HSD, petrol and petroleum coke.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 3.31 (provisional) in October 2018 compared to 3.70 (final) in September, 2018 and 3.58 in October, 2017, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India

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