Cost-push inflation is a result of an increase in the per unit costs of production.

Question

Quizplus · Accepted Answer

Cost-push inflation occurs when the cost of producing goods and services increases, leading to a decrease in the supply of these goods and services and a corresponding increase in their price. This can be caused by factors such as increases in wages, raw materials prices, or taxes, or by supply shocks such as natural disasters or geopolitical events.

Cost-Push Inflation Is a Result of an Increase in the Per