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.
Inflation is a measure of the general change in the price of goods. If the level of inflation is. positive then prices are rising, and if it is negative then prices are falling. Inflation is therefore. a step removed from price. levels. and it is crucial to distinguish between changes in the level.