With softening prices of food articles and lower cost for fuel, India’s retail inflation cooled down to a 4-month low of 4.44% in the month of February 2018, as compared to 5.07% in January. The CPI inflation stood at 3.65% in February 2017. The consumer price index (CPI) number for January was in line with the Reserve Bank of India’s (RBI’s) revised inflation projection of 5.1% for the quarter ended March, up from its previous forecast of 4.3-4.7%. Consumer food price inflation, a metric to gauge changes in monthly kitchen costs, also fell to 3.26% in February as compared to 4.70% in January, though it was higher than 2.01% in the same month of pervious year.
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 2018, stood at 4.37%, 4.52% and 4.44% respectively, compared to 3.67%, 3.55% and 3.65% respectively in February 2017. The index value of CPI for combined stood at 136.4. The data also showed that Consumer Food Price Index (CFPI) for all India Rural and Urban for February 2018 stood at 3.62% and 2.45%, respectively, compared to 2.08% and 1.87%, respectively in February 2017. The index value of CFPI for combined stood at 136.1 for the month of February.
Inflation in vegetables came down sharply to 17.57% in February from 26.97% in January and prices of fruits eased to 4.80% as against 6.24% in the previous month. Inflation in other food products also softened with Milk and products coming at 3.83%, Cereals and products at 2.10%, Meat and fish at 3.31%, food & beverages at 3.38%, while for eggs the prices grew at a slower pace of 8.51%. Besides, Housing inflation remained almost flat at 8.28% in February as compared to 8.33% a month ago, while fuel inflation eased to 6.80% in February from 7.73% in January. Inflation for pan, tobacco & intoxicants was at 7.34%, clothing & footwear at 5% and miscellaneous at 3.85%.
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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