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Index for textiles group decline by 0.8%
19
Sep '08
The W.P.I. Index based rate of inflation for the week ending 06.09.2008 has been provisionally estimated at 12.14% as against the previous week's level of 12.10%.

The textiles group has an overall weight of 9.8% in the WPI Index and hence it is an important group in measuring inflation.

The index for 'Textiles' group declined by 0.8 per cent to 143.2 (Provisional) from 144.3 (Provisional) for the previous week due to lower prices of texturised yarn (4%), cotton yarn-'hank (3%) and cotton yarn-cones (2%). However, the prices of hessian & sacking bags (4%), nylon filament yarn (3%) and hessian cloth (1%) moved up.

The annual inflation in respect of the textile group of items was 7.59% as compared to 12.14% for all commodities for the week ending 06.09.2008. The weekly inflation of the textile group declined by 0.76 per cent for the week ending 06.09.08 as compared to 0.12 per cent increase in all commodities.

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Press Information Bureau Government of India

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