Wage push inflation is a general increase in the cost of goods that is preceded by and results from an increase in wages. Even higher wages are then needed to compensate.
Over the past five or so years, the word inflation has been thrown around more than it ever has before, at least in my opinion. And this is a result inflation spiking after the COVID-19 pandemic, ...
Warnings about runaway prices are back in the headlines, and "hyperinflation" has become a favorite word for pundits and social media doomers. For households already stretched by higher rents, ...