Business, Legal & Accounting Glossary
Inflation due to an increase in the price of imports. As the price of imports increase, prices of domestic goods using imports as raw materials also increase, causing an increase in the general prices of all goods and services. Imported inflation may be caused by foreign price increases or depreciation of a country’s exchange rate.
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This glossary post was last updated: 20th November, 2021 | 0 Views.