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.
In the most general sense, inflation is a rise in the average price of goods over a period of time. The rate. that prices increase is known as the inflation rate. Inflation happens either when prices go up or when it. takes more money to buy the same items. Economists typically consider inflation to occur when the. prices increase over a period of time rather than from one month to the next.