India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.93 per cent for the month of November 2017 over same month of last year. The index for ‘Manufacturing of Textiles’ group rose by 0.3 per cent to 113.5. The index for ‘Manufacturing of Wearing Apparel’ group also rose by 0.3 per cent to 137.5 in November. The official WPI for all commodities (Base: 2011-12 = 100) for the month of November 2017 rose by 0.7 per cent to 116.3 from 115.5 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 November 2017 rose by 0.2 per cent to 113.9 from 113.7 for the previous month. The index for textiles sub-group increased by 0.3 per cent to 113.5 from 113.2 for the previous month due to higher price of weaving and finishing of textiles (2 per cent) and synthetic yarn, luore yarn, luorescen and twisted yarn, and viscose yarn (1 per cent each). However, the price of cotton yarn and manufacture of cordage, rope, twine and netting (2 per cent each), and manufacture of knitted and crocheted fabrics (1 per cent) declined.
The index for ‘Manufacture of Wearing Apparel’ sub-group rose by 0.3 per cent to 137.5 in November 2017 from 137.1 for the previous month due to higher price of manufacture of knitted and crocheted apparel (1 per cent). The index for primary articles (weight 22.62 per cent) rose by 1.6 per cent to 135.6 from 133.4 for the previous month. The index for fuel and power (weight 13.15 per cent) also increased by 1.6 per cent to 95 from 93.5 for the previous month due to higher price of LPG, naphtha, petroleum coke, ATF, furnace oil, bitumen, HSD and petrol.