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Relating to or denoting inflation caused by increased labour or raw material costs.Contrasted with demand-pull
- ‘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.’
- ‘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.’
- ‘Moreover, the underlying inflationary theory is a cost-push one, which is what most orthodox explanation of inflation of the 1970s offer.’
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