Breaching the Reserve Bank of India’s medium-term target for the second straight month, India’s retail inflation or Consumer Price Index (CPI) shot up to a 17-month high of 5.2% in the month of December 2017, as against 3.41% growth in December 2016 and a 15-month high of 4.88% November 2017. Retail inflation on a Y-o-Y basis edged higher mainly on account of a rise in the prices of food items like vegetables, milk-based products, eggs, meat and fish. The previous high was recorded at 6.07% in July 2016. The annual retail food inflation also rose 4.96% in December from 1.37% in the same month previous year and 4.35% in November 2017.
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 December 2017, stood at 5.27%, 5.09% and 5.21% respectively, compared to at 3.83%, 2.90% and 3.41% respectively in December 2016. The index value of CPI for combined stood at 137.20. The data also showed that Consumer Food Price Index (CFPI) for all India Rural and Urban for December 2017 were at 5.08% and 4.71%, respectively, compared to 2.06% and 0.15%, respectively in December 2016. The index value of CFPI for combined stood at 139.70 for the month of December.
Food inflation remained volatile with prices falling in September and firming up from October, as eggs, vegetables, sugar and fruits became relatively more expensive. Vegetables prices grew 29.13% in December as compared with 22.48% a month ago, while prices of pulses and products continued to fall (-) 23.47%, as compared with (-) 23.53% in November. Besides, prices of milk-based products rose by 4.37% and Fruits prices increased by 6.63%. Among non-food categories, the fuel and light segment's inflation rate accelerated to 7.9% in October. Housing inflation grew 8.25% in December from 7.36% a month ago.
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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