Rising gasoline prices push up US wholesale costs; inflation remains mild

While rising gas and diesel prices brought up the inflation rate for the country in general the rest of the goods used to measure it didn't help.  Those still rose at a fairly slow rate.  The inflation rate is still under 2% which is still under the Federal Reserve's target rate.  The "core prices" only raised 0.3% and according to the article part of that increase was due to a one time bump in tobacco prices.

This shows that while the economy is starting to rebound, it still has some progress be needs to be made before if can be called "recovered." This isn't the only measure but it is an important one that needs to come around to assist in getting things back to normal in the country.

India Wholesale Inflation Slips to Five-Month Low

http://online.wsj.com/news/articles/SB10001424052702304049704579321762793169406

Prices of wholesale goods are looked at as a very important indicator of inflation for India.  The inflation on those goods is finally coming down.  That is a good sign for India's economy as they were in a state of stagflation for a which means that inflation was rising but the economy was plateauing.  The inflation rate is still much higher than the Reserve Bank of India would like to see.  The reserve bank would like to see less than 5%.  Many in India hope that the bank will take this as a good sign and not raise interest rates at this months meeting.

I belive that the Reserve Bank of India needs to look at its own actions in dealing with this.  Inflation should not continue to rise during a downturn.  That points to worse problems within the economy.