India's annual rate of inflation, based on monthly wholesale price index (WPI), for September 2019, stood at 0.33 per cent over September 2018.

The index for textiles dipped 0.3 per cent while for apparel it rose 1.9 per cent in September, 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 September 2019 declined by 0.1 per cent to 121.3 from the previous month’s level of 121.4, the data showed.

The index for manufactured products (weight 64.23 per cent) for September 2019 rose by 0.1 per cent to 117.9 from 117.8 for the previous month. The index for ‘Manufacture of Wearing Apparel’ sub-group also increased by 1.9 per cent to 138.9 from 136.3 for the previous month due to higher price of manufacture of woven apparel, except fur apparel, and knitted and crocheted apparel (1 per cent each).

The index for ‘Manufacture of Textiles’ sub-group, however, declined by 0.3 per cent to 117.9 from 118.3 for the previous month due to lower price of synthetic yarn (2 per cent), cotton yarn, and knitted and crocheted fabrics (1 per cent each). However, the price of other textiles and made-up textile articles, except apparel (1 per cent each) moved up.

The index for primary articles (weight 22.62 per cent) declined by 0.6 per cent to 143.0 from 143.9 for the previous month. The index for fuel and power (weight 13.15 per cent) also declined by 0.5 per cent to 100.2 from 100.7 for the previous month due to lower price of furnace oil, naphtha, petroleum coke, bitumen, ATF and petrol. However, prices of LPG and kerosene moved up.

Published On : 14-10-2019

Source : Fibre 2 Fashion