India's annual rate of inflation, based on monthly wholesale price index (WPI), for March 2021, stood at 7.39 per cent as compared to 4.17 per cent in February 2021. The index for textiles increased by 2.17 per cent, while it rose by 0.07 per cent for apparel in March, according to 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 March 2021 increased to 129.3 from previous month's 127.3.

The index for manufactured products (weight 64.23 per cent) for March 2021 increased by 7.34 per cent to 127.3 from 125.7 for the month of February 2021. The index for ‘Manufacture of Textiles’ sub-group too rose by 2.17 per cent to 127.1, while the index for ‘Manufacture of Wearing Apparel’ sub-group was up by 0.07 per cent to 139.4.

The index for primary articles (weight 22.62 per cent) increased by 6.40 per cent to 146.2 in March 2021 from previous month's 145.4. The index for fuel and power (weight 13.15 per cent) also increased by 10.25 per cent to 109.7.

Meanwhile, the all-India inflation rate for consumer price index (CPI) on base 2012=100 stood at 5.52 (provisional) in March 2021 compared to 5.03 (final) in February 2021, according to the Central Statistics Office, ministry of statistics and programme implementation.

Fibre2Fashion News Desk (RKS)

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