Inflation index in Textiles Sector estimated at 8.90%

New Delhi, Nov 21 (UNI) The Wholesale Price Index (WPI) based rate of inflation for the Textile sector week ending November 8, 2008 has been provisionally estimated at 8.90 per cent as against the previous week's level of 8.98 per cent.

The textiles group has an overall weight of 9.8 per cent in the WPI Index and hence it is an important group in measuring inflation.

The index for 'Textiles' group rose by 0.5 percent to 140.4 (Provisional) from 139.7 (Provisional) for the previous week due to higher prices of miscellaneous cotton cloth (6 per cent), cotton yarn-cones (4 per cent) and cotton yarn-'hanks (1 per cent).

However, the prices of texturised yarn (7 per cent) and hessian and sacking bags, polyster staple fibre and hessian cloth (2 per cent each) declined.

The annual inflation in respect of the textile group of items was 6.28 per cent as compared to 8.90 per cent for all commodities for the week ending November 08, this year. The weekly inflation of the textile group increased to 0.5 per cent for the week ending November 08, 08 as compared to decrease of .2 per cent in all commodities.

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