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.
What is Inflation? What is Inflation? Inflation is generally described as a rise in the average price level of goods and services or a decrease in the purchasing power of the standard unit of currency. While that definition may be a bit difficult for some to comprehend, the effects of inflation are not.