Given the fall in food inflation, annual rate of inflation, based on the consumer prices index (CPI) in India, creeping a tad higher in the month of October, grew at 9.75 percent. Food inflation in the CPI dropped to 11.43 percent in October from 11.53 percent in September 2012.
According to the data released by Central Statistics Office, provisional annual inflation rate based on all India general CPI (Combined) for October 2012 on point to point basis stood at 9.75 percent as compared to 9.73 percent for the previous month of September 2012.
According to the Ministry of Statistics and Programme Implementation, which released the monthly provisional CPI on Base 2010=100 along with annual inflation rates for October 2012, all India provisional General (all groups), CPI numbers of October 2012 for rural, urban and combined were at 126.7, 122.6 and 124.9 respectively. The corresponding inflation rates for rural and urban areas for October came in at 9.98 percent and 9.46 percent respectively as against September’s 9.79 percent and 9.72 percent, respectively, which indicated that the rate of price rose in rural areas.
India has the highest retail inflation among the BRICS group of emerging economies - Brazil, Russia, China, and South Africa -- and is way above the Reserve Bank of India (RBI)’s comfort level. However, unlike most central banks, the RBI uses wholesale inflation in its policy formulation, as annual consumer price inflation data was only launched this year in January.
Limiting the room for an interest-rate cut to revive the economy, the wholesale price index (WPI), India's main inflation gauge, unexpectedly spurted to its 10 months high level at 7.81% for the month of September, as compared to 7.55% (Provisional) for the previous month, but lower than the rate of 10% during the corresponding month of the previous year. The much awaited figure was worse than the consensus estimates of 7.70%. Build up inflation in the financial year so far was 4.60% compared to a buildup of 4.48% in the corresponding period of the previous year. Moreover, the annual reading for the month of July was revised sharply higher to 7.52% from earlier of 6.87%.
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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