Economy Retail inflation likely hit a near six-year high in January Updated : February 12, 2020 08:18 AM IST India's annual consumer price inflation is expected to have risen to 7.40 percent in January, a touch above December's 7.35 percent and the highest since May 2014. While nearly half of the economists polled predicted price pressures eased in January, none expected it to have fallen within the RBI's medium-term target range of 2 percent-6 percent. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.