India's WPI inflation for apparel down 1.1% in November
today Dec 16, 2018
India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at 4.64 per cent for the month of November 2018 over same month of the last year. The index for apparel declined 1.1 per cent to 138.1 in November, 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 November 2018 rose by 0.1 per cent to 121.8 from the previous month’s level of 121.7, the data showed.
The index for manufactured products (weight 64.23 per cent) for November 2018 remained unchanged at its previous month level of 118.8. The index for ‘Manufacture of Wearing Apparel’ sub-group declined 1.1 per cent to 138.1 from 139.6 for the previous month due to lower price of knitted and crocheted apparel (2 per cent) and manufacture of wearing apparel (woven), except fur apparel (1 per cent).
The index for ‘Manufacture of Textiles’ sub-group, however, rose by 0.1 per cent to 119.1 from 119.0 for the previous month due to higher price of cordage, rope, twine and netting (2 per cent), weaving and finishing of textiles, manufacture of made-up textile articles, except apparel and woollen yarn (1 per cent each). On the other hand, price of synthetic yarn and viscose yarn (2 per cent each) and texturised and twisted yarn and other textiles (1 per cent each) declined.
The index for primary articles (weight 22.62 per cent) also rose by 0.7 per cent to 137.2 from 136.3 for the previous month. The index for fuel and power (weight 13.15 per cent) declined by 1.0 per cent to 110.0 from 111.1 for the previous month due to lower price of naphtha, petrol, petroleum coke and HSD.
Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 2.33 (provisional) in November 2018 compared to 3.38 (final) in October, 2018 and 4.88 in November, 2017, according to the Central Statistics Office, ministry of statistics and programme implementation.
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