With the sharp fall in prices of kitchen staples like vegetables and pulses, India’s retail inflation slumped to record low of 2.18 percent in May 2017, as compared to 2.99 percent in April 2017 and 5.76 percent in May 2016, even though there was a marginal spike in fruit rates. Besides, clothing, housing, fuel and light also saw lower inflation. The inflation was lowest level since the series began in 2012 and remained below the RBI's medium-term target of 4.0 percent for the seventh successive month.
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 May 2017, stood at 2.30 percent, 2.13 percent and 2.18 percent respectively, compared to 6.45 percent 4.89 percent 5.76 percent respectively in May 2016. The index value for CPI (General) for Rural was 133.3, for Urban was 129.3 and for combined stood at 131.4 for the month of May.
The data also showed that Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined for May 2017 stood at (-) 0.60 percent (-) 1.85 percent and (-) 1.05 percent respectively compared to 7.67 percent 7.24 percent and 7.47 percent respectively in May 2016. The index value of CFPI for Rural was 132.5, for Urban was 132.3 and for combined stood at 132.4 for the month of May.
For the first time since January 2012, food prices saw deflation in May and the prospect of good monsoon rains is likely to keep food inflation in check. Vegetables prices fell further and witnessed a negative growth of 13.44 percent as compared with (-) 8.59 percent in April. Similarly, prices of pulses continued to fall at (-) 19.45 percent, as compared with (-) 15.94 in April. Housing inflation remained flat, growing 4.84 percent in May from 4.86 percent in April. Fuel inflation was 5.46 percent in May, as compared with 6.13 percent in April.
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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