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Inflation index for textiles sector falls marginally

07
Nov '08
The W.P.I. Index based rate of inflation for the week ending 25.10.2008 has been provisionally estimated at 10.72% as against the previous week's level of 10.68%.

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 139.7 (Provisional) from 139.9 (Provisional) for the previous week due to lower prices of texturised yarn and hessian & sacking bags (2% each) and hessian cloth (1%). However, the prices of woollen cloth (1%) and raw cotton (3%) moved up.

The annual inflation in respect of the textile group of items was 5.67% as compared to 10.72% for all commodities for the week ending 25.10.2008. The weekly inflation of the textile group decreased by 0.1 per cent for the week ending 25.10.08 as compared to an increase of 0.1 per cent in all commodities.

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