The W.P.I. Index based rate of inflation for the week ending 06.12.2008 has been provisionally estimated at 6.84% as against the previous week's level of 8.00%.
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 0.1 percent to 141.5 (Provisional) from 141.7 (Provisional) for the previous week due to lower prices of texturised yarn (5%) and raw wool (1%). However, the prices of raw cotton rose by 1%.
The annual inflation in respect of the textile group of items was 7.85% as compared to 6.84% for all commodities for the week ending 06.12.2008. The weekly inflation of the textile group decreased by 0.1 per cent for the week ending 06.12.08 as compared to decrease of 1.1 per cent in all commodities.
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