Inflation in Europe falls to 2.4%

Europeans again saw some relief as inflation dropped to 2.4% in November – the lowest in more than two years – as plummeting energy costs have eased a cost-of-living crisis but higher interest rates squeeze the economy’s ability to grow (Michael Probst/AP)

Europeans again saw some relief as inflation dropped to 2.4% in November – the lowest in more than two years – as plummeting energy costs have eased a cost-of-living crisis but higher interest rates squeeze the economy’s ability to grow.

Inflation for the 20 countries using the euro currency fell from an annual 2.9% in October, according to numbers released on Thursday by Eurostat, the European Union’s statistics agency.