Daily Chart: Thirsty Work
Economy • December 2012 • Views: 848
How long does it take to afford a beer?
ON SEPTEMBER 22nd, the beer started flowing at Oktoberfest in Munich, an annual Bavarian beer festival which confusingly begins at the end of September. Last year, over the course of the 16-day event, visitors glugged 7.5m litres of beer, sold at an average princely price of €9 ($12.50) a litre, which is what a typical large stein holds. Germans love beer and down around 100 litres per person a year… …