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Inflation of textile group up by 0.1%

16
Oct '08
The W.P.I. Index based rate of inflation for the week ending 04.10.2008 has been provisionally estimated at 11.44% as against the previous week's level of 11.80%.

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 rose by 0.1 percent to 140.3 (Provisional) from 140.2 (Provisional) for the previous week due to higher prices of texturised yarn (2%).

The annual inflation in respect of the textile group of items was 6.29% as compared to 11.44% for all commodities for the week ending 04.10.2008. The weekly inflation of the textile group rose by 0.1 per cent for the week ending 04.10.08 as compared to all commodities which declined by 0.46 per cent.

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