cost-push inflation

WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

Definitions from the Web

Term: Cost-push Inflation

Description:

Cost-push inflation refers to a type of inflation that is caused by an increase in the costs of production. It occurs when there is a rise in the input costs such as wages or raw materials, leading to an upward pressure on the prices of goods and services.

Sample sentences:

The recent increase in oil prices has led to cost-push inflation, making it more expensive for businesses to produce and transport goods.
When wages rise significantly, companies often pass on the higher costs to consumers by raising prices, resulting in cost-push inflation.
During periods of cost-push inflation, consumers may experience a decrease in purchasing power as the prices of essential items surge.