India’s retail inflation probably rose in Feb as fuel, food prices went up

(Reuters) – India’s retail inflation probabaly rose in February as food and fuel prices went up remained within the Reserve Bank of India’s target range for a third straight month, a Reuters poll predicted.

The March 5-9 poll of over 50 economists showed retail inflation climbed to 4.83% in February from January’s 4.06%.

“We think inflation will have rebounded in February, to 4.8%. The increase in domestic fuel prices last month suggest that transport inflation will have accelerated,” said Shilan Shah, India economist at Capital Economics. “What’s more, retail food price data point to a significant rebound in food inflation.”