After rising for five months in a row and surging to its 16 months high in January, India's consumer price index (CPI) or retail inflation eased to 5.18% in February, as compared to 5.69% in January and 5.37% in February last year. The decline in inflation was helped by fall in food prices, after edging up for six straight months. The food price inflation at the consumer level was up 5.3 per cent for February, compared with a 6.85% rise in January and 5.37% in February last year. The food index, that constitutes over 45 per cent of CPI rose at 6.88 per cent in February 2015.
As per the data released by the Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation the CPI (Rural, Urban, Combined) on Base 2012=100 in February stood at 5.97%, 4.30% and 5.18% respectively compared to 5.79%, 4.95% and 5.37% respectively in the year ago period. Similarly Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined stood at 5.96%, 4.23% and 5.30% as against 6.43%, 7.52% and 6.88% in the same month last year. The General Indices (Provisional) for the month of February 2016 for Rural, Urban and Combined were 127.8, 123.8 and 125.9 respectively. The CFPI for Rural, Urban and Combined for the same month were 129.8, 128.2 and 129.2 respectively.
Component wise, inflation for food and beverages declined to 5.52% in February 2016 from 6.66% in January 2016, Fruit prices dipped 0.7 percent, while prices of pulses rose about 38 percent. Inflation for housing increased to 5.33%, for Clothing and Footwear was 5.52%, Fuel and Light was 4.59%, while for miscellaneous items it was up 4.38% in February 2016, for Pan, tobacco and intoxicants it was 8.39%. Among the states, the retail inflation was as low as 2.70% in Uttarakhand and 3.01% in Jammu and Kashmir, while it was as high as 8.04% in Odisha and 8.03% in Andhra Pradesh.
While, the Finance Ministry has said that decline in February 2016 inflation numbers (WPI and CPI inflation) is on expected line, with both wholesale and retail inflation levels under check, industry has raised its pitch for the central bank to cut rates and loosen its monetary, ahead of the policy update on April 5.
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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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