Business news from Ukraine

Business news from Ukraine

Price of liter of beer at this year’s Oktoberfest has risen to EUR13.75

18 September , 2023  

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%.

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