What is cost push inflation caused by 2024?
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Studied at the University of Amsterdam, Lives in Amsterdam, Netherlands.
Definition of 'Cost Push Inflation' Definition: Cost push inflation is inflation caused by an increase in prices of inputs like labour, raw material, etc. The increased price of the factors of production leads to a decreased supply of these goods.
2023-05-16 11:15:15
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Samuel Baker
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Definition of 'Cost Push Inflation' Definition: Cost push inflation is inflation caused by an increase in prices of inputs like labour, raw material, etc. The increased price of the factors of production leads to a decreased supply of these goods.