Snapping three-month rising trend, India’s retail inflation cooled down to 4.17% in the month of July 2018, mainly on the back of slowdown in prices of vegetables and fruits. This was lowest in nine months, while the previous low was in October 2017 at 3.58%. Inflation based on Consumer Price Index (CPI) for June has also been revised downwards to 4.92% from the earlier estimate of 5%. However, as for year-on-year comparison, retail inflation had increased by 2.36% in July last year. Besides, consumer food price inflation, a metric to gauge changes in monthly kitchen costs, eased to 1.37% in July, compared with 2.91% rise in the previous month. Though, it was higher as compared to (-) 0.36% July 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 July 2018, stood at 4.11%, 4.32% and 4.17% respectively, compared to 2.41% , 2.17% and 2.36% respectively in July 2017. The index value of CPI for combined stood at 139.8. The data also showed that Consumer Food Price Index (CFPI) for all India Rural and Urban for July 2018 stood at 2.18% and (-) 0.36%, respectively, compared to 0.07% and (-) 0.99%, respectively in July 2017. The index value of CFPI for combined stood at 140.2 for the month of July.
According to the data, among the food articles, inflation in vegetables declined by (-) 2.19% in July, compared to 7.80% in June. The rate of price rise in fruits slowed down 6.98%, as against 10.13% in the previous month. Pulses continued witness deflation and contracted (-) 8.91% in July from (-) 10.87% a month ago. The inflation in protein rich items like meat and fish, and also milk was also slower in July compared to the previous month. Inflation from pan, tobacco and other intoxicants fell to 6.34% in June from 8.05% a month ago. However, inflation in the ‘fuel and light’ segment based on the changes in the CPI increased to 7.96% from 7.14% in the previous month.
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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