Cost-push inflation occurs when a company's costs rise and to compensate they have to put their prices up Cost increases may happen because wages have gone up or because raw material prices have increased
a rise in prices due to an increase in the cost of production Increases in the cost of labor, raw materials, equipment, and borrowing money push up the cost of production
Cost-push inflation occurs when a company's costs rise and to compensate they have to put their prices up Cost increases may happen because wages have gone up or because raw material prices have increased