Oktoberfest 2015 price hike: How much more beer at Munich festival costs this year

Beer prices at Oktoberfest have increased 220 per cent since 1985 (Source: Getty)

The world's largest beer festival, Oktoberfest in Munich, kicks off for the 182nd time tomorrow.

Unicredit analysts have crunched the numbers to find out how much more a Maß - the Bavarian word for a litre of beer that comes in one of those huge, dimpled glass mugs - will cost punters this year.

One Maß costs about €10.2 (£7.48) compared to €9.9 last year, representing an increase of three per cent. This is pretty steep compared to inflation in German prices, which rose 0.2 per cent in the year to August.

But if you think that's bad, beer prices at Oktoberfest have risen a whopping 220 per cent since 1985, compared to a 69 per cent rise in German consumer prices.

(Source: Unicredit)

Yet beer price inflation alone isn't enough to solve the persistently low rates of inflation which are keeping European Central Bank (ECB) officials awake at night.

"Beer prices contribute almost one per cent to the basket of goods used to calculate the inflation rate in Germany, hence they would need to triple – holding all other prices constant – to reach the ECB’s inflation target of two per cent per cent for Germany," it said.

"Since beer prices in Germany have increased by 42 per cent since 1991, there is still some room for improvement. Prost!"

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