Germany—Preliminary figures show inflation in Germany rose sharply to an annual rate of 1.7 percent in December, the highest in three years, as prices for heating and auto fuel increased.

The state statistics agency Destatis said Tuesday that the annual inflation rate jumped from 0.8 percent the month before.

The increase will help boost inflation across the 19 countries that use the euro currency. Those figures are due Wednesday.

Read more

Related Articles