AP News

German inflation hits 2.1 percent in August

BERLIN (AP) — Official figures show year-on-year inflation in Germany spiked to 2.1 percent in August from 1.7 percent the month before following a sharp rise in the cost of fuel and food.

The figures from Germany's Federal Statistical Office, released Wednesday, show fuel and electricity costs on average were 7.6 percent higher than in August 2011.

Prices for many basic foodstuffs rose 3.3 percent compared to the same month last year.

Keeping price rises in check is a traditional pillar of government policy in Germany where memories of hyperinflation in the 1920s still resonate.

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