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.
1 Definition of inflation: an increase in the overall level of prices in the economy. 2  When the government creates a large amount of money, the value of money falls.  Examples: Germany after World War I (in the early 1920s) and the United States in the 1970s.