India's inflation is "uncomfortably high” that’s the concern being raised by Moody’s Analytics as it sums up the price rise trend in Asia.
The Moody’s unit states in it’s latest report “ “India’s inflation is worrisome. Higher fuel prices will keep upward pressure on headline Consumer Price Index (CPI) and keep the reserve Bank of India (RBI) from offering further rate cuts,"
Volatile food prices and rising oil prices led Indiaʼs CPI to exceed the upper band of 6% several times in 2020. Retail inflation in February clocked in at a 3-month high of 5.3%
The RBI has a target for maintaining retail ination at 4 per cent (+/- 2 per cent)