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
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