wage-push inflation

wage-push inflation definition - business

wage-push inflation

Consumer and producer price increases that result from higher labor costs. For example, professional football signs a new labor agreement that calls for a major escalation in player salaries, and as a result, teams increase the price of game tickets.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.