India's Inflation falls marginally to 8.90%

The W.P.I. Index based rate of inflation for the week ending 08.11.2008 has been provisionally estimated at 8.90% as against the previous week’s level of 8.98%.

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 0.5 percent to 140.4 (Provisional) from 139.7 (Provisional) for the previous week due to higher prices of miscellaneous cotton cloth (6%), cotton yarn-cones (4%) and cotton yarn-'hanks (1%). However, the prices of texturised yarn (7%) and hessian & sacking bags, polyster staple fibre and hessian cloth (2% each) declined.

The annual inflation in respect of the textile group of items was 6.28% as compared to 8.90% for all commodities for the week ending 08.11.2008. The weekly inflation of the textile group increased to 0.5 per cent for the week ending 08.11.08 as compared to decrease of .2 per cent in all commodities.

Source : Press Information Bureau

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