inflationary spiral definition by Webster's New World
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.
a continuous and accelerating rise in the prices of goods and services, primarily due to the interaction of increases in wages and costs
inflationary spiral definition by American Heritage Dictionary
nounThe American Heritage® Dictionary of the English Language, 4th edition Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
A trend toward ever higher levels of inflation primarily as a result of continuing interactive increases in wages and prices.
inflationary spiral - Business Definition
Inflation that grows stronger as price increases feed on themselves. Consumer prices rise, causing workers to demand higher wages. Higher wages cause higher expenses for businesses, which raise prices yet again.