Cost push: Difference between revisions
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:'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.'' | ||
Revision as of 18:41, 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.
