WPI inflation for clothes up zero.07% in October 2020

2020/11 17 08:11

Pic: Shutterstock


India’s annual price of inflation, primarily based on month-to-month wholesale value index (WPI), for October 2020, stood at 1.48 per cent over October 2019. The index for textiles incrased by 1.15 per cent and for attire by zero.07 per cent in October, in keeping with the provisional knowledge launched by the Workplace of the Financial Adviser, ministry of commerce and trade.

The official WPI for all commodities (Base: 2011-12 = 100) for the month of October 2020 elevated by 1.48 per cent to 123.eight, displaying optimistic inflation for the third consecutive month since April this yr when the economic system was hit by COVID-19 pandemic and lockdowns.

The index for manufactured merchandise (weight 64.23 per cent) for October 2020 elevated by 2.12 per cent to 120.three from 119.eight for the month of September 2020. The index for ‘Manufacture of Carrying Attire’ sub-group additionally elevated by zero.07 per cent to 138.2. The index for ‘Manufacture of Textiles’ sub-group too rose by 1.15 per cent to 114.7.

The index for major articles (weight 22.62 per cent) rose by four.74 per cent to 152.four. The index for gasoline and energy (weight 13.15 per cent) nevertheless decreased by 10.95 per cent.

In the meantime, the all-India inflation charges primarily based on client value index (CPI) on base 2012=100 stood at 7.61 (provisional) in October 2020 in comparison with 7.27 (last) in September 2020, in keeping with the Central Statistics Workplace, ministry of statistics and programme implementation.

Fibre2Fashion Information Desk (RKS)


India’s annual price of inflation, primarily based on month-to-month wholesale value index (WPI), for October 2020, stood at 1.48 per cent over October 2019. The index for textiles elevated by 1.15 per cent and for attire by zero.07 per cent in October, in keeping with the provisional knowledge launched by the Workplace of the Financial Adviser, ministry of commerce and trade.




Supply hyperlink

--CopyRights: http://newsrepair.in/index.php/2020/11/17/wpi-inflation-for-clothes-up-zero-07-in-october-2020/

Leave a Reply

Welcome (Toggle)

(required)