wage-push inflation

wage-push inflation definition - finance
A situation where a rapid increase in workersÂ’ wages causes the rate of inflation to increase. When workersÂ’ incomes rise, they have additional money to spend. As those dollars go into the economy, the competition for goods increase and prices move upward.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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