India’s retail inflation surged to five-month high of 5% in June 2018, for the third straight month, as compared to 4.87% in May. The jump in inflation based on Consumer Price Index (CPI) came on the back of a depreciating rupee and skyrocketing fuel prices. Besides, consumer food price inflation, a metric to gauge changes in monthly kitchen costs, was 2.91% higher than (-) 2.12% in June 2017, but it is lower as compared to 3.10% in May, due to slower rate of price rise articles such as fruits, vegetables and cereals. The earlier high was recorded in January this year at 5.07%.
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 June 2018, stood at 5.00%, 4.85% and 5.00% respectively, compared to 1.52%, 1.41% and 1.46% respectively in June 2017. The index value of CPI for combined stood at 138.6. The data also showed that Consumer Food Price Index (CFPI) for all India Rural and Urban for June 2018 stood at 3.74 % and 1.56%, respectively, compared to (-) 1.62% and (-) 3.16%, respectively in June 2017. The index value of CFPI for combined stood at 138.0 for the month of June.
According to the data, among the food articles, inflation of food and beverages eased to 3.18% in June 2018 from 3.29% in May 2018. Within the food items, the inflation eased for Fruits to 10.13%, Meat and fish 2.41%, Milk and products 3.04%, Prepared meals, snacks, sweets etc. 4.83% and Cereals and products 2.70% . On the other hand, the inflation rose for Pulses and products to (-)10.87%, Spices 2.37%, Vegetables 7.80% and Sugar and Confectionery (-)7.11%, while the inflation also moved up for Oils and fats to 2.62% and Non-alcoholic beverages 1.96% in June 2018.
Besides, the inflation for housing rose marginally to 8.45%, while that for miscellaneous items moved up to 5.74% in June 2018. Within the miscellaneous items, the inflation for Transport and communication increased to 6.18%, Education 5.83%, Household goods and services 5.18%, Health 6.07% and Recreation and amusement 5.24%, while it has eased for Personal care and effects to 5.43% in June 2018. The inflation for clothing and footwear was higher at 5.67%, while the CPI inflation of fuel and light increased to 7.14% in June 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.
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
