The retail or the Consumer Price Index (CPI) inflation for the month of November rose for the 4th-month in a row in November, accelerating to a 14-month high of 5.41 per cent from 5.0 per cent year-on-year in October, on sharp pickup in food prices and posing a challenge to further easing of monetary policy by the Reserve Bank.
As per the data released by the Ministry of Statistics and Programme Implementation, the Consumer Price Index (CPI) on Base 2012=100 for Rural, Urban and Combined for the Month of November 2015 stood at 5.95%, 4.71% and 5.41% respectively as against 5.54%, 4.28% and 5.00 in the month of October 2015. On the same time, Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined for the month of November 2015 stood at 5.83%, 6.53% and 6.07% respectively. The General Indices (Provisional) for the month of November 2015 for Rural, Urban and Combined are 128.3, 124.6 and 126.6 respectively. The CFPI for Rural, Urban and Combined for the same month are 132.5, 133.7 and 132.9 respectively.
The rise in inflation was largely because of a spike in prices of some select food items that drove consumer food price inflation to 6.07 per cent in November from 5.25 per cent in October. Product wise, the inflation in pulses and products category rose to a staggering 46.08 percent in November, which pushed up the overall index for food and beverages to 6.08 percent. The price rise in spices category was higher at 10.53 percent and for Pan, tobacco and intoxicants at 9.50 percent. The inflation of oil and fats stood at 6.59 percent.
However, inflation in sugar and confectionery category remained in negative zone at (-) 8.62 percent. Eggs also turned cheaper at 0.50 percent during the month. The inflation in Cereals and products stood at 1.70 percent.
The rising retail inflation will add to worries of RBI Governor Raghuram Rajan who had left interest rate unchanged earlier this month, targeting to contain retail inflation at 5 per cent by March 2017. The rise in food inflation after two successive poor monsoons and the impact of the pay commission's recommendations have emerged as inflation risks even as the global crude slide continues.
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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.
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Here is the summary:
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