Consider these 9 things before investing in mutual funds!
What is the right way to invest in mutual funds? How do mutual funds work? What kind of risk is involved? Which fund is right for whom? What things should be kept in mind before investing? Watch this video to know-
The wholesale price-based inflation dropped to 10.66 % in September, aided by lower food prices, despite a rise in crude oil prices. For the sixth month in a row, WPI inflation stayed in double digits. It was 11.39% in August. Inflation was 1.32% in September 2020. The Commerce and Industry Ministry said in a statement, “In September 2021, there was a high rate of inflation mainly because of increase in the prices of mineral oils, basic metals, non-food articles, food products, crude petroleum & natural gas, chemicals and chemical products, and other items as compared to the same month last year.”
The food inflation declined for the sixth month in a row in September, to (-) 4.69% from (-) 1.29% in August, owing to lower vegetable costs. Pulses prices continued to rise at a rate of 9.42%.
In September, inflation in fuel and power was 24.91%, down from 26.09% the previous month.
In September, crude petroleum and natural gas prices increased by 43.92%, compared to 40.03% the last month.
During the month, inflation in manufactured goods was 11.41%.
The RBI, which bases its monetary policy primarily on retail inflation, kept interest rates at record lows earlier this month.
Retail inflation decreased to a five-month low of 4.4% in September, owing to lower food prices.