Abstract: Lexical inference in context (LIiC) is the task of recognizing textual entailment between two very similar sentences, i.e., sentences that only differ in one expression. It can therefore be seen as a variant of the natural language inference task that is focused on lexical semantics. We formulate and evaluate the first approaches based on pretrained language models (LMs) for this task: (i) a few-shot NLI classifier, (ii) a relation induction approach based on handcrafted patterns expressing the semantics of lexical inference, and (iii) a variant of (ii) with patterns that were automatically extracted from a corpus. All our approaches outperform the previous state of the art, showing the potential of pretrained LMs for LIiC. In an extensive analysis, we investigate factors of success and failure of our three approaches.