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.
Second, the definition describes inflation as a method. Inflation does not refer to a once and for all increase in prices. The general things are the continuous increase in prices. Inflation is a process in which the prices of most goods and services are increasing from year to year (or even from month to month). Third, the definition emphasizes that inflation is a considerable increase in prices.