wage-push inflation

[weyj-poosh]

noun

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

Example Sentences

Wages may be just months away from heading into the stratosphere where they start producing wage-push inflation the country hasn't seen since the ‘60s and ‘70s, he said.

Read more on Los Angeles Times

Real wages aren't rising sufficiently to cause wage-push inflation, and the real unemployment rate is much higher than what the Federal Reserve claims.

Read more on New York Times

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.

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The answer to the stark question posed on the 14 July 1974 cover of Time magazine – "Can Capitalism Survive?" – was given at the end of that decade by the determination of the Federal Reserve under Paul Volcker to break wage-push inflation.

Read more on The Guardian

Under former chairman Paul Volcker, the Federal Reserve of the late 1970s resolved to break wage-push inflation.

Read more on The Guardian