Inflation based on consumer price index (CPI) moved up slightly to 5.01% in May 2015 from 4.87% in April 2015, while food items inflation declined, an increase in inflation for transportation and communication contributed to the rise in overall CPI inflation. Even in food items fruits and vegetables eased during the month but the costlier pulses were a concern. Prices of pulses rose by 16.62% in May 2015 over the same month last year. The overall food inflation fell to 4.8% during the month, from 5.11% in April 2015.
As per the data released by the Ministry of Statistics and Programme Implementation, the corresponding provisional Consumer Price Index (CPI) for rural area was 5.52% and urban area 4.41% in May 2015, as against 5.29% and 4.36% in April 2015. The General Indices (Provisional) for the month of May 2015 for Rural, Urban and Combined stood 122.4, 120.7 and 121.6, respectively. The Consumer Food Price Index (CFPI) for Rural, Urban and Combined for the same month stood 123.8, 125.7 and 124.5 respectively. The core CPI inflation rose to 4.4% in May 2015 from 4% in April 2015 and 3.9% in March 2015.
Product wise, the inflation for fruit and vegetables was 3.84% and 4.64%, respectively, milk and its products were costlier by 7.43% in May 2015 over the same month last year. Prices of protein-rich items such as 'meat and fish' rose by 5.43%, while spices were costlier by 8.82%. Among other, oils and fats prices rose by 1.95%, cereals and products by 1.98%, while that of egg declined by 0.78% in May 2015.
The consumer price index-based inflation showed a marginal uptick to a three-month high, but was on expected line and the major solace was that the last two readings have shown that food prices are not flaring up despite adverse weather conditions, given the outlook for uneven monsoon distribution. Also, it will go down well with the Reserve Bank, which tracks retail inflation as a benchmark for its monetary policy and had said earlier this month that price rise was still a worry, expecting inflation to rise to 6% by January 2016.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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