German beer is especially famous because of the Oktoberfest, which is based in Munich. During this festival, which celebrates the Bavarian culture, one can see the importance of beer, brass music and traditional foods. In Germany the youth can start drinking beer at 16 years of age.
Definition of inflation. Inflation is a general increase in prices, normally expressed as the annual rate of growth in the consumer price index (CPI) or retail price index (RPI) â measures of the inflation rate. One can also measure inflation in producer or wholesale price terms.
Before I even begin this discussion, I want you to read a column I wrote over a year ago, which should give you a very good overview of what inflation and deflation really are. You will note that the definition of inflation is not rising prices or rising interest rates. So, please always keep that in mind.