Inflation Trends in India’s Clothing-Footwear Sectorat 3.61% in Dec
Inflation Trends in India's Clothing-Footwear Sectorat 3.61% in Dec
The National Statistical Office (NSO) has unveiled the provisional data for India's clothing and footwear sector, shedding light on the inflationary trends in December. The year-on-year (YoY) inflation rate for this crucial sector stood at 3.61%, a nuanced reflection of the economic landscape. The Consumer Price Index (CPI) for the sector in December 2023 registered at 189.6, indicating a notable increase from 183 in December 2022.
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Breaking it down further, the clothing sub-sector recorded a YoY inflation rate of 3.75%, with a corresponding CPI of 190...