India’s annual rate of inflation, based on monthly wholesale price index (WPI), declined to 2.60 per cent for the month of September 2017 over same month of last year. The index for ‘Manufacturing of Textiles’ group rose by 0.6 per cent to 113.4, while the index for ‘Manufacturing of Wearing Apparel’ group rose by 0.1 per cent to 136.6 in September.
The official WPI for all commodities (Base: 2011-12 = 100) for the month of September 2017 declined by 0.4 per cent to 114.3 from 114.8 for the previous month, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.
The index for manufactured products (weight 64.23 per cent) for September 2017 rose by 0.4 per cent to 113.4 from 112.9 for the previous month. The index for textiles sub-group rose by 0.6 per cent to 113.4 from 112.7 for the previous month due to higher price of texturised and twisted yarn (2 per cent each) and weaving & finishing of textiles, manufacture of cordage, rope, twine & netting and cotton yarn (1 per cent each). However, the price of viscose yarn (3 per cent) and manufacture of knitted and crocheted fabrics (2 per cent) declined.
The index for ‘Manufacture of Wearing Apparel’ sub-group rose by 0.1 per cent to 136.6 in September 2017 from 136.5 for the previous month due to higher price of trouser/pants made of cotton and/or mad-made fibre (2 per cent). However, the price of manufacture of knitted and crocheted apparel declined by 1 per cent.
The index for primary articles (weight 22.62 per cent) declined by 3 per cent to 130.8 from 134.9 for the previous month. On the other hand, the index for fuel and power (weight 13.15 per cent) rose by 1.7 per cent to 90.7 from 89.2 for the previous month due to higher price of LPG, naphtha, ATF, petrol, kerosene, HSD, furnace oil, and bitumen. However, the price of petroleum coke declined.