German inflation rises to 2.1 percent in December

German inflation rises to 2.1 percent in December; 2 percent in 2012 overall

Associated Press

BERLIN (AP) -- German inflation ticked up in December, for an annual 2012 rate of 2 percent overall for Europe's largest economy.

The Federal Statistics Office reported Tuesday that prices in December were up 2.1 percent compared to the same month in 2011, up from 1.9 percent in November.

Price increases in 2012 came largely from the energy sector, which saw an overall increase of 5.7 percent for the year.

The rate is down slightly from 2011's 2.3 percent, though up from 2010's 1.1 percent and 2009's 0.4 percent.

The European Central Bank's target is to set policy to achieve an inflation rate of just below 2 percent.

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