Retail inflation, measured by the Consumer Price Index (CPI), slipped to a three-month low of 4.29 per cent in April, mainly on account of easing of prices of kitchen items like vegetables and cereals. CPI based retail inflation stood at 5.52 per cent in March. This is the fifth consecutive month that the CPI data has come within the Reserve Bank of India’s (RBI) upper margin of 6 per cent. The government has asked the central bank to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for a five-year period ending March 2026. The Consumer Food Price Index (CFPI) or the inflation in the food basket eased to 2.02 per cent in the month of April, down from 4.87 per cent in March.
The National Statistical Office (NSO) under Ministry of Statistics and Programme Implementation in its data has showed that the Rural CPI (General) in April 2021 stood at 3.82 per cent as against 4.61 per cent in March. The Urban CPI (General) stood at 4.77 per cent in April as against 6.52 per cent in March. The index value for Rural, Urban and Combined CPI (General) stood at 157.7, 158.1 and 157.9, respectively, in April 2021.
The month-on-month fall in the food basket was led by the softening of vegetable prices which fell (-) 14.18 per cent in April, while cereals and products slipped (-) 2.96 per cent, the data showed. Sugar and confectionery items too fell (-) 5.99 per cent. On the other hand, prices of oils and fats rose a whopping 25.91 per cent, while that of meat and fish rose 16.68 per cent. Non-alcoholic beverages gained 15.20 per cent while pulses and products segment also witnessed a rise of 7.51 per cent and egg prices too rose 10.55 per cent.
The Price data are collected from representative and selected 1114 urban Markets and 1181 villages covering all States/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster. During the month of April 2021, NSO collected prices from 99.1% villages and 97.4% urban Markets while the Market-wise prices reported therein were 84.6% for rural and 87.4% for urban.
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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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