Relating to or denoting inflation caused by increased labour or raw material costs.
Contrasted with demand-pull
Example sentencesExamples
- The effect was to generate cost-push inflation, squeezing profits and dampening investment.
- She said unions must realise that large, unilateral wage increases in the public sector are key drivers of cost-push inflation and set an important benchmark for the private sector.
- When I studied economics in school, I read about cost-push inflation.
- When there is a decrease in the aggregate supply of goods and services stemming from an increase in the cost of production, we have cost-push inflation.
- Moreover, the underlying inflationary theory is a cost-push one, which is what most orthodox explanation of inflation of the 1970s offer.