Relating to or denoting inflation caused by increased labour or raw material costs. Contrasted with demand-pull.
More example sentences
- The effect was to generate cost-push inflation, squeezing profits and dampening investment.
- When I studied economics in school, I read about cost-push inflation.
- She said unions must realise that large, unilateral wage increases in the public sector are key drivers of cost-push inflation and set an important benchmark for the private sector.