The W.P.I. Index based rate of inflation for the week ending 13.12.2008 has been provisionally estimated at 6.61% as against the previous week's level of 6.84%.
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 141.4 (Provisional) from 141.5 (Provisional) for the previous week due to lower prices of other cotton yarn (3%), texturised yarn (2%) and cotton yarn-hanks and synthetic yarn (1% each). However, the prices of cotton yarn-cones (2%) moved up.
The annual inflation in respect of the textile group of items was 11.08% as compared to 6.61% for all commodities for the week ending 13.12.2008. The weekly inflation of the textile group decreased by 0.1 per cent for the week ending 13.12.08 as compared to decrease of 0.2 per cent in all commodities.
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