India's annual rate of inflation, based on monthly wholesale price index (WPI), continued to remain high in June 2021 compared to the previous month. In June, WPI inflation stood at 12.07 per cent, while it was at an all-time high of 12.94 per cent in May 2021. WPI inflation for textiles increased to 13.91 per cent, while it was 1.89 per cent for apparel.

"The high rate of inflation in June 2021 is primarily due to low base effect and rise in prices of mineral oils viz. petrol, diesel (HSD), naphtha, ATF, furnace oil etc, and manufactured products like basic metal, food products, chemical products etc as compared the corresponding month of the previous year," the Office of Economic Adviser, department for promotion of industry and internal trade, under the ministry of commerce and industry, said.

The official WPI for all commodities (Base: 2011-12 = 100) for the month of June 2021 increased to 133.7 from previous month's 132.7.

The index for manufactured products (weight 64.23 per cent) for June 2021 increased to 131.5 from 131.0 for the month of May 2021. The index for ‘Manufacture of Textiles’ sub-group increased to 129.4 from previous month's 128.3, while the index for ‘Manufacture of Wearing Apparel’ decreased slightly to 139.9 from 140.0 in May 2021.

The index for primary articles (weight 22.62 per cent) rose to 151.8 in June 2021 from previous month's 150.5. The index for fuel and power (weight 13.15 per cent) too grew to 113.7 from 110.5 in May 2021.

Meanwhile, the all-India inflation rate for consumer price index (CPI) on base 2012=100 stood at 6.26 (provisional) in June 2021 compared to 6.30 (final) in May 2021, according to the Central Statistics Office, ministry of statistics and programme implementation.

Fibre2Fashion News Desk (RKS)

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