Reversing the easing trend of last three months, India’s retail inflation inched up to 4.58% in the month of April 2018, as compared to 4.28% in March 2018 and 2.99% in April 2017. Inflation based on Consumer Price Index (CPI) firmed up due to faster rises in prices of food and fuel products. Besides, consumer food price inflation, a metric to gauge changes in monthly kitchen costs, remained almost flat at 2.80% in the first month of current fiscal from 2.81% in the previous month, while it surged from 0.61% in April 2017.
As per the data of the Central Statistics Office (CSO), Ministry of Statistics and Programme, the CPI (Rural, Urban, Combined) on Base 2012=100 for April 2018, stood at 4.67%, 4.42% and 4.58% respectively, compared to 3.02%, 3.03% and 2.99% respectively in April 2017. The index value of CPI for combined stood at 137.1. The data also showed that Consumer Food Price Index (CFPI) for all India Rural and Urban for April 2018 stood at 3.56% and 1.29%, respectively, compared to 0.69 % and 0.46%, respectively in April 2017. The index value of CFPI for combined stood at 135.8 for the month of April.
According to the data, inflation of food and beverages eased to 3.00% in April 2018 from 3.08% in March 2018. Within the food items, the inflation fell for vegetables to 7.29%, sugar and confectionery (-) 4.05%, milk and products 3.21% and egg 6.26%. However, the inflation jumped for fruits 9.65%, cereals and products to 2.56%, pulses and products (-) 12.35%, spices 1.25%, prepared meals, snacks, sweets etc 4.85%, oils and fats 2.11% and meat and fish 3.59% in April 2018. Besides, the inflation for housing rose to 8.50% in April 2018. The inflation for clothing and footwear was higher at 5.11%, while the CPI inflation of fuel and light eased to 5.24% in April 2018.
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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