wage-push inflation

American

[wayj-poosh] / ˈweɪdʒˌpʊʃ /

noun

an inflationary trend caused by wage increases that in turn cause rises in production costs and prices.

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wage-push inflation

With the Phillips curve as a guide, any more declines in the unemployment rate may carry a steepening cost in terms of sparking wage-push inflation.

From New York Times ● Nov. 4, 2016

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Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023