Surging for the sixth straight month, the retail or the Consumer Price Index (CPI) inflation for the month of January climbed to 5.69 per cent from 5.61 percent in the month before. It has touched its 16 month high mainly due to costlier food prices, posing a challenge to further easing of monetary policy by the Reserve Bank. The pace of retail price rise in January 2016 is the highest since 6.46 percent in September 2014. Food inflation, or CFPI, during the month, ruled higher at 6.85 percent, as compared to 6.4 percent in December 2015, and at 6.14 percent in January 2015.
As per the data released by the Ministry of Statistics and Programme Implementation, Consumer Price Index numbers on Base 2012=100 for Rural, Urban and Combined for the Month of January 2016 stood at 6.48%, 4.81% and 5.69% respectively as against 6.32%, 4.73% and 5.61% in the month of December 2015. Meanwhile, Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined for the month of January 2016 stood at 6.93%, 6.50% and 6.855 respectively. The General Indices (Provisional) for the month of January 2016 for Rural, Urban and Combined are 128.1, 124.2 and 126.3 respectively. The CFPI for Rural, Urban and Combined for the same month are 131.1, 131.0 and 131.1 respectively.
Retail prices of 'cereals and products' inched up by 2.19 percent in January, from 2.12 percent in December 2015. The rate of price rise in meat and fish category was 8.23 per cent during the month, while it was 3.96 percent for eggs. The substantial price rise in these items is mainly attributed to their higher consumption during winter.
However, prices of seasonal fruits witnessed deflation during the month, with a fall of (-) 0.24 percent. But vegetable prices moved up fairly at 6.39 percent. Prices of 'pulses and its products' continued to stay elevated, as inflation was as high as 42.32 percent.
The Reserve Bank of India has set a 6 percent retail inflation target for January 2016. Presenting the first bi-monthly monetary policy statement for this fiscal in April last year, RBI Governor Raghuram Rajan had said CPI inflation would hover around 5 percent in the first half of the fiscal, and a little above 5.5 percent in the second half.
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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