Home / Knowledge / News / Textiles / Inflation falls to 13-month low
Inflation falls to 13-month low
Feb '09
The following is the statement of Department of Economic Affairs, Ministry of Finance on inflation issued: “Annual (year-on-year) rate of inflation fell below the 4 per cent threshold to 3.9 per cent for the week ended February 7, 2009 from 4.4 per cent in the week ended January 31, a fall of 47 basis points. The current rate of inflation is the lowest since the 3.8 per cent recorded in the week ended December 29, 2007.

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 7th February, 2009 declined by 0.2 percent to 228.0 (Provisional) from 228.4 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 3.92 percent (Provisional) for the week ended 07/02/2009 (over 09/02/2008) as compared to 4.39 percent (Provisional) for the previous week (ended 31/01/2009) and 4.98 percent during the corresponding week (ended09/02/2008) of the previous year.

The movement of the index for the various commodity groups is summarized below:-
The index for 'Textiles' group declined by 0.7 percent to 139.0 (Provisional) from 140.0 (Provisional) for the previous week due to lower prices of cotton yarn-cones (4%) and cotton yarn-hanks (1%). However, the prices of cotton knitted garments (4%) and texturised yarn and hessian cloth (2% each) moved up.

The index for 'Leather & Leather Products' group declined by 1.2 percent to 167.4 (Provisional) from 169.5 (Provisional) for the previous week due to lower prices of footwear western type (1%).

The index for 'Chemicals & Chemical Products' group rose by 0.4 percent to 217.7 (Provisional) from 216.9 (Provisional) for the previous week due to higher prices of thinners (28%), purified terephthalic acid (pta) (9%), benzene (7%), p.v.c. resins (5%) and calcium ammonium nitrate n-content (4%). However, the prices of enamels (3%) declined.

The index for 'Machinery & Machine Tools' group declined by 1.8 percent to 172.4 (Provisional) from 175.6 (Provisional) for the previous week due to lower prices of other cables (26%), rubber insulated cables (24%), enamelled copper wires (8 %) and p.v.c. insulated cables (7%).

Ministry of Finance

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search