India's WPI inflation for textiles up
3.47% in January 2021
India's annual rate of inflation, based on monthly wholesale
price index (WPI),
for January 2021, stood at 2.03 per cent over January 2020.
The index for textiles increased by 3.47 per cent, while it
rose by 0.36 per cent for apparel in January, according to
the provisional data released by the Office of the Economic
Adviser, ministry of commerce and industry.
The official WPI for all commodities (Base: 2011-12 = 100)
for the month of January 2021 increased to 125.9 from
previous month's 124.5, showing positive inflation for the
sixth consecutive month since April this year when the
economy was hit by COVID-19
pandemic and lockdowns.
The index for manufactured products (weight 64.23 per cent)
for January 2021 increased by 1.54 per cent to 124.9 from
123.0 for the month of December 2020. The index for
‘Manufacture of Textiles’ sub-group too rose by 3.47 per
cent to 122.4 from previous month's 118.3. The index for
‘Manufacture of Wearing Apparel’ sub-group also rose by 0.36
per cent to 139.5 from previous month's 139.0.
The index for primary articles (weight 22.62 per cent)
decreased by 1.77 per cent to 143.9 in January 2021 from
previous month's 146.5. The index for fuel and power (weight
13.15 per cent) however increased by 5.84 per cent to 99.7.
Meanwhile, the all-India consumer
price index (CPI) on base 2012=100 stood at
156.3 (provisional) in January 2021 compared to 157.3
(final) in December 2020, according to the Central
Statistics Office, ministry of statistics and programme