Home / Knowledge / News / Textiles / India's WPI inflation slows down to 3.57% in Sept 2016
India's WPI inflation slows down to 3.57% in Sept 2016
14
Oct '16
India's annual rate of inflation, based on monthly wholesale price index (WPI), slowed down to 3-month low of 3.57 per cent for September 2016 over corresponding month of the previous year. Build up inflation rate in the financial year 2016-17 so far stood at 4.28 per cent compared to a build up rate of 0.23 per cent in the same period of the 2015-16.

Annual rate of inflation was 3.74 per cent for August 2016 and minus 4.59 per cent in September 2015.

Meanwhile, the official WPI for all commodities (Base: 2004-05 = 100) for the month of September, 2016 declined by 0.2 per cent to 182.8 from 183.1 for the previous month, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.

The index for manufactured products (weight 64.97 per cent) for September, 2016 rose by 0.3 per cent to 157.1 from 156.7 for the previous month. The index for textiles sub-group also rose by 0.1 per cent to 142.2 from 142.1 for the previous month due to higher price of jute yarn (1 per cent). However, the price of tyre cord fabric and gunny and hessian cloth (4 per cent each), jute sacking cloth (2 per cent) and jute sacking bag (1 per cent) declined.

The index for primary articles (weight 20.12 per cent) declined by 1.9 per cent to 263.9 from 268.9 for the previous month. On the other hand, the index for fuel and power (weight 14.91 per cent) rose by 1.8 per cent to 185.4 from 182.2 for the previous month due to higher prices of furnace oil, petrol, high speed diesel, kerosene, and bitumen.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 4.31 (provisional) in September, 2016 compared to 5.05 (final) in August, 2016 and 4.41 in September, 2015, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Respresentatives of over 30 Chinese companies in a meeting with officials of Kazakh Invest National Company; Courtesy: primeminister.kz

Textiles | On 17th Aug 2018

Kazakh-China cooperation in textiles explored in Astana

China and Kazakhstan have immense potential to cooperate in textiles...

Courtesy: Pexels

Textiles | On 17th Aug 2018

AWEX EMI closes at highest ever level of 2116ac clean/kg

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI)...

Courtesy: VF Corporation

Apparel/Garments | On 17th Aug 2018

VF Corporation shifting global headquarters to Denver

VF Corporation, one of the largest apparel, footwear and accessories...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Mr Ambrose Chan
DSG International (Thailand) PLC

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Adriano Goldschmied
AG Jeans

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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


August 2018

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

news category


Related Categories:

Advanced Search