India’s annual rate of inflation, based on monthly wholesale price index (WPI), increased to 6.55 per cent for February 2017 over corresponding month of the previous year. The index for textiles sub-group rose by 0.2 per cent to 142.6 in February from 142.3 in January 2017 due to higher price of tyre cord fabric (4 per cent) and man-made fabric (2 per cent). Build up inflation rate in the financial year 2016-17 so far stood at 5.82 per cent compared to a build up rate of minus 1.14 per cent in the same period of the 2015-16. Annual rate of inflation was 5.25 per cent for January 2017 and minus 0.85 per cent in February 2016.