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WPI inflation for apparel rises 0.4% in August 2017
Sep '17
India’s annual rate of inflation, based on monthly wholesale price index (WPI), shot up to 4-month high of 3.24 per cent for August 2017 over same month of last year. The index for ‘Manufacturing of Wearing Apparel’ group rose by 0.4 per cent to 136.5, while the index for ‘Manufacturing of Textiles’ group declined by 0.6 per cent to 112.7 in August.

The official WPI for all commodities (Base: 2011-12 = 100) for the month of August, 2017 rose by 0.8 per cent to 114.8 from 113.9 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 64.23 per cent) for August, 2017 rose by 0.2 per cent to 112.9 from 112.7 for the previous month. The index for textiles sub-group declined by 0.6 per cent to 112.7 from 113.4 for the previous month due to lower price of cotton yarn (2 per cent) and synthetic yarn and manufacture of other textiles (1 per cent each). However, the price of texturised and twisted yarn moved up 1 per cent.

The index for ‘Manufacture of Wearing Apparel’ sub-group rose by 0.4 per cent to 136.5 in August, 2017 from 136.0 for the previous month due to higher price of manufacture of knitted and crocheted apparel (4 per cent).  However, the price of manufacture of wearing apparel (woven), except fur apparel declined 1 per cent.

The index for primary articles (weight 22.62 per cent) rose by 1.9 per cent to 134.9 from 132.4 for the previous month. On the other hand, the index for fuel and power (weight 13.15 per cent) rose by 0.9 per cent to 89.2 from 88.4 for the previous month due to higher price of naphtha, petrol, kerosene, HSD, ATF and furnace oil. However, the price of LPG and bitumen and petroleum coke declined. (RKS)

Fibre2Fashion News Desk – India

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