News Journal

Inflation falls in Europe

Europe inflation was down to a lowest level in the last two decades and the unemployment rate also increased in the week to a high level. Inflation was low to 2.1% in the month of November.

In October inflation was at 3.2% and the drop in inflation is one of the biggest after 1991.European Central bank had cut in rates and it is expected that further cut in rates will be announced by the bank.