Yes, jersy knit fabric can and will shrink due to the simple fact that it is a knit. So the next question should be how much? For that the amount of shrinkage may vary depending on the quality of the material purchased. While 1/2"-1" would probably be considered average, textile manufacturers have seen shrinkage of up to 3" or more on larger yardages.
Jersey is a knitted fabric that can stretch up to 25% on the grain. It's a very comfortable fabric.
Pique is a a knit weave. "Cotton knit" is not a weave but a content and fabric. By cotton knit i assume you are asking about the fabric of the regular t-shirts, that wave is know as Jersey (Single Jersey in technical terms)
ITY = Interlock Twist Yarn - knit jersey fabric
Interlock fabric is a variation of rib knit construction. Similar to a Jersey knit except both front and back of the fabric look identical. Double knit construction makes this a thicker knit fabric. Interlock is the tightest weave, gives the smoothest surface and the finest hand. The fabric is extremely soft, firm and absorbent.
Knit fabrics can shrink or extend if a rib construction, have nap, have ribs/wales and are generally more elastic along the course. Woven fabric is interlaced sets of yarn that are not very elastic.
Cotton jersey and more fitted garments are usually made from jersey rib knit.
This most likely refers to a single needle bed knitting the fabric. Fabric knitted on only one needle bed is jersey fabric. If fabric is knitted using all needles on both needle beds, then the fabric is a called a full needle rib knit.
A cotton is soft and a cotton jersey is soft Jersey. Cotton is a woven fabric. It is not stretchy. Cotton jersey is a knit. It is stretchy like t-shirt material.
single jersy fabric consist of one right side and one wrong side
Treat yourself with the Luxury Modal Cotton Jersey Knit Sheet Set. These soft, silky sheets are made of the same cotton blend jersey knit fabric that's used in designer t-shirts. They get even softer with every wash.
T-shirt fabric is usually jersey knit. Made from cotton or poly/cotton and has a slight stretch.
Jersey is a knitted fabric used extensively for clothing. Single knit Jersey has a smooth side and a pile on the other side. Double knit Jersey is smooth on both side with the pile in the middle. The material drapes well and can be quite stretchy, thus it's popularity increased greatly with the boom in swing needle (zigzag) sewing machines. Jersey gets its name from the island, one of the Chanel Islands, where it was first produced.
Fabric that is gray melange has printed color at intervals. Knit means the fabric in woven or knitted.