WPI inflation for clothes down zero.5% in September 2020

2020/10 14 12:10

India’s annual fee of inflation, based mostly on month-to-month wholesale worth index (WPI), for September 2020, stood at 1.32 per cent over September 2019. The index for textiles declined by three.57 per cent and for attire by zero.5 per cent in September, based on the provisional knowledge launched by the Workplace of the Financial Adviser, ministry of commerce and business.

 

The official WPI for all commodities (Base: 2011-12 = 100) for the month of September 2020 elevated by 1.32 per cent to 122.9, exhibiting constructive inflation for the second consecutive month since April this 12 months when the financial system was hit by COVID-19 pandemic and lockdowns.

 

The index for manufactured merchandise (weight 64.23 per cent) for September 2020 elevated by 1.61 per cent to 119.eight from 119.three for the month of August 2020. The index for ‘Manufacture of Sporting Attire’ sub-group, nonetheless, declined by zero.5 per cent to 138.1. The index for ‘Manufacture of Textiles’ sub-group too decreased by three.57 per cent to 113.four.

 

The index for major articles (weight 22.62 per cent) rose by 5.1 per cent to 150.three. The index for gas and energy (weight 13.15 per cent) nonetheless decreased by 9.54 per cent to 91.zero.

 

In the meantime, the all-India client worth index (CPI) on base 2012=100 stood at 156.5 (provisional) in September 2020 in comparison with 154.7 (closing) in August 2020, based on the Central Statistics Workplace, ministry of statistics and programme implementation.

 

Fibre2Fashion Information Desk (RKS)

India’s annual fee of inflation, based mostly on month-to-month wholesale worth index (WPI), for September 2020, stood at 1.32 per cent over September 2019. The index for textiles declined by three.57 per cent and for attire by zero.5 per cent in September, based on the provisional knowledge launched by the Workplace of the Financial Adviser, ministry of commerce and business.




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