释义 |
wage-price spiral in British English (ˈweɪdʒˈpraɪs ˈspaɪərəl) noun economics a situation in which wage and price increases drive each other upward and cause inflation Examples of 'wage-price spiral' in a sentencewage-price spiral The wage-price spiral ensured that the initial price shock was both magnified and long-lasting.The wage-price spiral used to mean expensive oil led to inflation, unemployment or both.This could spark a wage-price spiral, further fuelling inflation.The risk of a wage-price spiral remained real, it said.This could trigger a 'wage-price spiral' that would entrench rising inflation in the economy.It is a wage-price spiral and recurring currency crisis.A wage-price spiral is firmly ingrained even at the rural levels.There were no worries then about the return of the wage price spiral.He sounded a warning to unions, governments and businesses that it was 'imperative' to avoid the current high inflation rates sparking a wage-price spiral.That could spark a damaging wage-price spiral and fuel a more permanent rise in inflation. |