Snapping an easing trend of last four months, India’s Retail inflation, measured by the consumer price index rose to 3.65% in February 2017, as against 3.17% in January 2017 and 5.26% in February 2016. Though, it was still below the Reserve Bank of India’s forecast for an average of 5 percent inflation for this financial year. The upswing in retail inflation has been mainly due to surge in price of food items like fruits, sugar and confectionery as remonetisation picked up pace and spurred consumption demand.
As per the data of the Central Statistics Office (CSO), Ministry of Statistics and Programme, the Consumer Price Index (CPI) (Rural, Urban, Combined) on Base 2012=100 for February 2017, stood at 3.67 percent, 3.55 percent and 3.65 percent respectively compared to 3.36 percent, 2.90 percent and 3.17 percent respectively in January 2017 and 6.05 percent 4.31 percent 5.26 percent respectively in February 2016.
The data also showed that Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined for January 2017 increased considerably to 2.08 percent 1.87 percent and 2.01 percent respectively, compared to 1.14 percent, (-) 0.31 percent, 0.61 percent respectively in January 2017 and 5.96 percent 4.23 percent and 5.30 percent in February 2016.
According to the data, inflation in fruits was higher at 8.33 percent in February as compared to 5.81 percent in previous month. Fuel and light was at 3.9 percent in February as against 3.42 percent in previous month. The rate of price rise in meat and fish was 3.5 percent in February. Prices of sugar and confectionery items rose by 18.83 percent in February, while inflation in milk and milk product increased by 4.22 percent.
The rate of inflation in household goods and services was 4.09 percent, while in health segment it was 4 percent. The transport and communication became expensive by 5.39 percent. The personal care and effects segment rose by 5.15 percent, while the education became more expensive by 5.37 percent in February this year. The inflation rate was 4.38 percent in clothing and footware segment, while it was 4.9 percent in housing segment. However, the prices of vegetables and pulses declined by 8.29 percent and 9.02 percent respectively.
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.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
Become a savvy and confident
stock investor.
Don't miss out! First 10 users today get it FREE
Download APP
