What Is An Cost Push Inflation Example
December 16, 2022 ⚊ 1 Min read ⚊ Views 99 ⚊ BUSINESS
Basically, cost push inflation is when the demand for a certain product outstrips the supply. However, not all goods rise in price uniformly. Instead, the prices of different goods are affected by factors like the overall marketing costs. The rise in the prices of raw materials such as crude oil is a prime example of cost push inflation. As the cost of these raw materials increases, production costs rise.
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