Retail inflation remained above the central bank’s comfort level for the fifth consecutive month in August, and held near the previous month’s level as prices of some food items remained stubborn, prompting economists to rule out any interest rate cut for now. Data released by the National Statistical Office (NSO) on September 14 showed retail inflation, as measured by the consumer price index (CPI), rose to an annual 6.7%, nearly the same level recorded in the previous month. Inflation for the food and beverages segments was at 8.3% in August, marginally lower than the 8.5% in the previous month. The RBI had flagged the building of inflationary pressure and had pressed the pause button in its interest rate-cutting cycle.The data showed inflation in the fuel segment shot up to a 5-month high of 3.1% in August compared with 2.7% in July.