Business, Legal & Accounting Glossary
Persistently rising general price levels brought about by rising input costs. In general, there are three factors that could contribute to cost-push inflation: rising wages, increases in corporate taxes, and imported inflation (when imported raw or partly-finished goods become more expensive, often as a result of currency depreciation). For inflation to be cost-push in nature, increases in input prices must affect a large proportion of the country’s producers, so as to be able to push up the general price level.
The cost-push inflation had severe effects that could be easily be seen in many aspects of the economic playing field.
Me and my friend learned what cost-push inflation meant and how price levels were brought about by rising input costs.
Rising wages for workers in China are significantly contributing to cost-push inflation, which is forcing our company to increase the wholesale price of our product to the retailers.
demand-pull inflation
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This glossary post was last updated: 26th October, 2021 | 0 Views.