U.S. consumer prices posted their smallest increase in five months during November, a sign that there is little threat of inflation for the time being.
Wednesday's report from the Labor Department showed the Consumer Price Index rose just one-tenth of a percent in November, which is less than the previous month.
Low inflation is one result of the slow economy. High unemployment restrains wages because it increases competition for jobs, and makes workers more willing to take lower pay. And the high rate of foreclosures means more homes are put on the rental market, which means landlords must cut rental costs to attract tenants.
U.S. economic problems are at the top of the agenda today in Washington, as President Barack Obama meets with the leaders of many major companies, exchanging ideas on boosting growth and cutting unemployment.
Wednesday's report from the Labor Department showed the Consumer Price Index rose just one-tenth of a percent in November, which is less than the previous month.
Low inflation is one result of the slow economy. High unemployment restrains wages because it increases competition for jobs, and makes workers more willing to take lower pay. And the high rate of foreclosures means more homes are put on the rental market, which means landlords must cut rental costs to attract tenants.
U.S. economic problems are at the top of the agenda today in Washington, as President Barack Obama meets with the leaders of many major companies, exchanging ideas on boosting growth and cutting unemployment.
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