Retail inflation based on Consumer Price Index (CPI) inched up to a 4-month high of 5.69 per cent in December 2023, mainly on account of higher food prices. The CPI was at 5.55 per cent in November 2023 and 5.72 per cent in December 2022. In August 2023, inflation touched a high of 6.83 per cent. The December inflation remains within the Reserve Bank of India’s (RBI’s) comfort zone The RBI has been tasked by the government to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.
The National Statistical Office (NSO) under Ministry of Statistics and Programme Implementation in its data has showed that Rural CPI (General) in December 2023 stood at 5.93 per cent as against 5.85 per cent in November. The Urban CPI (General) stood at 5.46 per cent in December as against 5.26 per cent in November. The index value for Rural, Urban and Combined CPI (General) stood at 187.6, 183.6 and 185.7 respectively, in December 2023.
Retail inflation in the food basket was at 9.53 per cent in December 2023, up from 8.70 per cent in the preceding month and 4.19 per cent in the year-ago month. Within the food basket, inflation picked up in pulses to 20.73% in December from 20.23% from November, for vegetables it jumped to 27.6% in December from 17.70% in November, fruits it stood at 11.14% in December from 10.95% in November, and sugar to 7.14% from 6.55%, while it was just fractionally lower for cereals at 9.93% in December from 10.27% in November also for spices at came down to 19.69% in December from 21.55% in November.
Inflation continued to ease M-o-M basis in the case of milk (to 5.07% from 5.75%), meat and fish (to 1.15% from 2.15%) and egg (to 4.36% from 5.90%). Fuel and light prices fell 0.99% year-on-year, compared to a 0.77% dip in November. Transport and communication prices rose 1.96%, slightly below November levels of 2.09%, while inflation in personal care and effects stood at 7.28% in December.
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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