The cost of a liter of beer at the Oktoberfest, which is celebrated in Munich from September 16 to October 3, increased by 4.2% compared to last year and reached EUR13.75, according to a study by Berenberg.
The bank has been keeping statistics since 1991. During this time, the cost of beer at the traditional holiday grew at an average annual rate of 3.9%, with average inflation in Germany at 2%.
“Don’t even try to compare the price per liter with the cheap beer you can buy in discount stores,” said Holger Schmieding, senior economist at Berenberg. – “The difference may make you want to drink something stronger to numb the financial pain.
According to the European Commission, Germany’s GDP will decline by 0.4% in 2023, with inflation in the country at 6.4%.
