Continuing rising trend for fourth straight month, India’s retail inflation based on Consumer Price Index (CPI) jumped to a seven-month high of 3.05% in May. The inflation was higher than the revised 2.99% in the preceding month, but below 4.87% recorded in May 2018. Also, the inflation still remained within Reserve Bank of India’s (RBI’s) target of 4% for the inflation rate. As per the data, the jump in the CPI was mainly due to rise in prices of kitchen items like vegetables, meat and fish. The previous high was in October 2018, when the retail inflation print came in at 3.38%. Besides, inflation for the overall food basket, based on consumer food price index (CFPI), increased to 1.83% in May as against 1.10% a month earlier.
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 May 2019, stood at 1.86%, 4.51% and 3.05%, respectively, compared to 4.88%, 4.72% and 4.87%, respectively in May 2018. The index value of CPI for combined stood at 142.0. The data also showed that CFPI for all India Rural and Urban for May 2019 stood at (-) 0.22% and 5.87%, respectively, compared to 3.77% and 1.66%, respectively in May 2018. The index value of CFPI for combined stood at 139.0 for the month of May.
Vegetable prices witnessed a sharp rise during May this year at 5.46% as against 2.87% in April 2019. Prices of meat and fish went up by 8.12% from 7.55%, while the inflation print for cereal and products rose to 1.24% in May this year from 1.17%. However, prices of fruits continued to show a deflationary trend with an inflation rate of (-) 5.17% against (-) 4.89% in the preceding month. For fuel and light category, inflation stood at 2.48% as against 2.56% in April, and the retail price of sugar and confectionery declined 0.27%.
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
