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Texturised yarn prices drop by 4%

31
Oct '08
The W.P.I. Index based rate of inflation for the week ending 18.10.2008 has been provisionally estimated at 10.68% as against the previous week's level of 11.07%.

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 139.9 (Provisional) from 140.0 (Provisional) for the previous week due to lower prices of texturised yarn (4%). The price of raw cotton declined to 6 per cent. However, the prices of hessian cloth and hessian & sacking bags (1% each) moved up.

The annual inflation in respect of the textile group of items was 5.98% as compared to 10.68% for all commodities for the week ending 18.10.2008. The weekly inflation of the textile group decreased by 0.1 per cent for the week ending 18.10.08 as compared to 0.2 per cent in all commodities (Details Annexed).

Click here to view the WPI index:

Ministry of Textiles


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