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 economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.owever, most economists today use the term inflation to refer to a rise in the price level. An increase in the money supply may be called monetary inflation, to distinguish it from rising prices, which may also for clarity be called price inflation.