By Shaloo Shrivastava BENGALURU (Reuters) - India s retail inflation edged up to a four-month high in March, led by an increase in food and fuel prices, but remained within the Reserve Bank of India s target range, a Reuters poll predicted. The April 5-8 poll of more than 50 economists showed retail inflation rose to 5.40% in March from a year earlier as opposed to 5.03% in February. Forecasts ranged from 4.60% to 6.11%. Although India s core inflation has remained elevated for a while, the recent acceleration in headline inflation largely reflects higher food prices, said Tuuli McCully, head of Asia-Pacific economics at Scotia Bank. I expect the pickup to be a temporary phenomenon, yet there are significant risks surrounding the inflation outlook.
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India s retail inflation probably rose in Feb as fuel, food prices went up
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