Cost push: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Create page - source - The Treasurer.)
 
imported>Doug Williamson
(Update link.)
 
(One intermediate revision by the same user not shown)
Line 10: Line 10:
:'However, demand that was suppressed by people being unable to work during the pandemic has been released, which means we now have both demand pull and cost push,' he explains.  
:'However, demand that was suppressed by people being unable to work during the pandemic has been released, which means we now have both demand pull and cost push,' he explains.  


:'The latter is not just down to rising prices – it has been exacerbated by supply chain bottlenecks.'”
:'The latter is not just down to rising prices – it has been exacerbated by supply chain bottlenecks.' ”


:''The Treasurer, Issue 1 of 2022 - March 2022 - p10.''
:''The Treasurer, Issue 1 of 2022 - March 2022 - p10.''
Line 19: Line 19:
* [[Demand-pull inflation]]
* [[Demand-pull inflation]]
* [[Inflation]]
* [[Inflation]]
* [[Trade union]]
* [[Supply chain]]


[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_products_and_markets]]

Latest revision as of 18:48, 5 March 2022

Economics - inflation.

In relation to inflation, cost push is inflation caused by an increase in costs.


Inflation - we now have both demand pull and cost push
"In terms of how current inflationary trends differ from the causes of previous periods of high inflation, John Whittaker, economist at Lancaster University Management School, observes that energy prices were also a major driver of price rises in the 1970s.
'However, demand that was suppressed by people being unable to work during the pandemic has been released, which means we now have both demand pull and cost push,' he explains.
'The latter is not just down to rising prices – it has been exacerbated by supply chain bottlenecks.' ”
The Treasurer, Issue 1 of 2022 - March 2022 - p10.


See also