Rising inflation to make textile items costlier
The price hike in diesel and petrol has caused inflation to increase by 25 to 30% after unlock. From July the rate of textile items will further increase by 10 to 15%.
Indore
The price hike in diesel and petrol has
caused inflation to increase by 25 to 30% after unlock. From July the rate of
textile items will further increase by 10 to 15%. The diesel price in 2020 has reached Rs 91
per litre which is Rs 23 per litre more than the last lockdown. In the same
way, petrol prices have increased by Rs 22 per litre. This hike has adversely
affected all commodities in the market like oil, pulses, and textile.
According to
Ajay Singh, President, Petrol Pump Dealer Association, the hike in the price of
petrol and diesel, the rates of other commodities
are bound to increase as the traders have no other option but to increase the
price. This rate increase ranges from 25% to 30%, he added.
As per Ajay
Dewnani, General Secretory, New Market Traders Association, as the traders are
getting consignments at an increased rate, the rates of all the items will increase
in July. The readymade garments will increase by 10 to 15%.
Source – The Free Express Journal
Also Read:
https://indiantextilejournal.com/techinical-textiles/slower-growth–but-economic-revival-hopeful
