The W.P.I. Index based rate of inflation for the week ending 22.11.2008 has been provisionally estimated at 8.40% as against the previous week's level of 8.84%.
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 141.7 (Provisional) from 141.8 (Provisional) for the previous week due to lower prices of texturised yarn (5%) and raw cotton (1%). However, the prices of raw silk rose by 1%.
The annual inflation in respect of the textile group of items was 10.79% as compared to 8.40% for all commodities for the week ending 22.11.2008. The weekly inflation of the textile group decreased to 0.1 per cent for the week ending 22.11.08 as compared to decrease of 0.6 per cent in all commodities.
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