Based on monthly wholesale price index (WPI), India’s annual rate of inflation stood at 3.93 per cent for the month of November 2017 over same month of last year.
The index for ‘Manufacture of Textiles’ group rose by 0.3 percent to 113.5 (provisional) from 113.2 (provisional) for the previous month due to higher price of weaving & finishing of textiles (2%) and synthetic yarn, luore yarn, luorescen & twisted yarn and viscose yarn (1% each). However, the price of cotton yarn and manufacture of cordage, rope, twine & netting (2% each), and manufacture of knitted & crocheted fabrics (1%) declined.
The index for ‘Manufacture of Wearing Apparel’ group rose by 0.3 percent to 137.5 (provisional) from 137.1 (provisional) for the previous month due to higher price of manufacture of knitted & crocheted apparel (1%).
The index for ‘Manufacture of Machinery and Equipment’ group rose by 0.3 percent to 109.4 (provisional) from 109.1 (provisional) for the previous month due to higher price of pressure vessel and tank for fermentation & other food processing and hydraulic equipment (5% each), excavator and rice mill machinery (3% each), roller and ball bearings, gasket kit, manufacture of bearings, gears, gearing & driving elements and chemical equipment & system (2% each) and air filters, pharmaceutical machinery, sugar machinery, air or vacuum pump, threshers and air gas compressor including compressor for refrigerator (1% each). However, the price of dumper (8%), conveyors – non-roller type and precision machinery equipment/form tools (5% each), drilling machine (4%), grinding or polishing machine and chillers (2% each) and motor starter, industrial valve, oil pump, lathes, hydraulic pump and sewing machines (1% each) declined.
The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of November, 2017 rose by 0.7 percent to 116.3 (provisional) from 115.5 (provisional) for the previous month.
– Apparel and Textile News, Apparel Talk, Indian Apparel
