Inflation uncomfortably high in India, says Moody’s Analytics – News 24-7 Live News 24-7 Live
Inflation uncomfortably high in India, says Moody’s Analytics

Inflation uncomfortably high in India, says Moody’s Analytics

Moody’s Analytics also pointed out that core inflation rose to 5.6 per cent in February from 5.3 per cent in January, and called it ‘uncomfortably high’.

Inflation in India is at an uncomfortably high level and the country, along with Philippines, is an exception among the Asian economies on this front.

The rise in fuel prices will continue to exert upward pressure on inflation and this is likely to prevent the Reserve Bank of India (RBI) from going for further rate cuts, Moody’s Analytics, a financial intelligence company and a subsidiary of Moody’s Corporation, said in its macro roundup.

India’s consumer price inflation, calculated on the basis of Consumer Price Index (CPI), rose to 5.03 per cent in February from 4.06 per cent in January on rise in food and fuel prices. The RBI closely follows retail inflation to determine its monetary policy.

Moody’s Analytics also pointed out that core inflation rose to 5.6 per cent in February from 5.3 per cent in January, and called it ‘uncomfortably high’.

News Source:- Business Today

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