In Frankfurt, automotive stocks boosted the DAX, as automobile manufacturers BMW, Volkswagen, and Daimler climbed 3.2%, 2%, and 0.5% respectively, while tire maker Continental closed 1.1% higher. The FTSE lost 0.17%, the DAX rose 0.35%, and the CAC-40 gained 0.08%. In the UK, the consumer prices index including owner occupiers' housing costs (CPIH) 12-month inflation rate was 2.7% in December, down from 2.8% in November, according to the Office for National Statistics ( ONS ).