Food & fuel remain main drivers of inflation in India: Moody's

Moody’s Investors Service has listed food and fuel as key drivers of retail inflation in India. Both, food and fuel, contribute to almost half of retail inflation in India and represent a larger share of the consumption basket. Moody’s further stated that central banks of emerging economies (EM) like India have built up a cushion of international reserves, which are being used to intervene in foreign exchange markets. This ensures an orderly and limited depreciation of domestic currencies, it added.

References
1. https://economictimes.indiatimes.com/news/economy/indicators/food-fuel-contribute-almost-half-of-headline-inflation-growth-in-india-moodys/articleshow/95582332.cms