What is another word for cost-push inflation?
Pronunciation: [kˈɒstpˈʊʃ ɪnflˈe͡ɪʃən] (IPA) 
Cost-push inflation refers to a type of inflation caused by an increase in production costs or a decrease in the supply of goods and services. Synonyms for cost-push inflation include supply-side inflation, input price inflation, and price-wage spiral. Supply-side inflation refers to the increase in prices caused by a decrease in supply, while input price inflation refers to the increase in production costs due to rising prices of inputs such as labor and raw materials. The price-wage spiral describes a situation where rising wages lead to rising prices, which in turn lead to demands for higher wages, thus creating a cycle of inflation. Understanding these synonyms can help individuals better comprehend the complexity of inflation and its drivers.
