India’s inflation at ‘uncomfortably high’ level, says Moody’s Analytics

Retail inflation rose to over 5 per cent in February, from 4.1 per cent in January. Higher fuel prices will keep upward pressure on retail inflation and keep the RBI from offering further rate cuts.

India's inflation is at an "uncomfortably high" level, which is an exception among Asian economies, Moody's Analytics said on Tuesday. Higher fuel prices will keep upward pressure on retail inflation and keep the RBI from offering further rate cuts, said Moody's Analytics, a financial intelligence company. Retail inflation rose to 5 per cent in February, from 4.1 per cent in January. The Reserve Bank mainly takes into account retail inflation while deciding on the monetary policy.