India's retail inflation hits 7.59% in January, highest since May 2014

India's retail inflation, measured by the Consumer Price Index, accelerated to 7.59% in January as food prices stayed high, according to official data released today. The inflation rate is slightly above December's 7.35% and the highest since May 2014. This is the second straight month that retail inflation is above the upper end of RBI's tolerance band of 2-6%.