In line with cooling food prices, retail inflation based on Consumer Price Index (CPI) eased to a three-month low of 5.1 per cent in January 2024. Inflation was at 5.69 per cent in December 2023. It was 6.52 per cent in January 2023. In August 2023, inflation touched a high of 6.83 per cent. The inflation for January was within the Reserve Bank of India’s (RBI) 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.
National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) in its data has showed that Rural CPI (General) in January 2024 stood at 5.34 per cent as against 5.93 per cent in December 2023. The Urban CPI (General) stood at 4.92 per cent in January as against 5.46 per cent in December. The index value for Rural, Urban and Combined CPI (General) stood at 187.3, 183.5 and 185.5 respectively, in January 2024. The price data are collected from 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.
Retail inflation in the food basket or Consumer Food Price Index (CFPI) was at 8.3 per cent in January 2024, down from 9.53 per cent in the preceding month. CFPI recorded year-on-year inflation rates of 7.91 per cent for rural areas, 9.02 per cent for urban areas. Inflation rate for the food and beverages segment, which carries a weight of 45.86 per cent in the CPI, eased to 7.58 per cent in January from 8.70 per cent in December. Cereals and products inflation marked the sixth consecutive month of decline, dropping to 7.83 per cent in January from 9.93 per cent in December.
Vegetables inflation inched lower to 27.03 per cent in January from 27.64 per cent in December, while pulses inflation rate eased to 19.54 per cent from 20.73 per cent. Miscellaneous inflation, which broadly indicates price change for services, inched lower to 3.82 per cent in January from 4.07 per cent in December. Fuel and light segment, though in negative territory, showed an uptick at (-) 0.60 per cent in January from (-) 0.99 per cent 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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