cost-push
|cost/push|
C1
🇺🇸
/kɔst-pʊʃ/
🇬🇧
/kɒst-pʊʃ/
price increase due to costs
Etymology
Etymology Information
'cost-push' originates from the combination of 'cost' and 'push', where 'cost' refers to the expense incurred in production and 'push' implies a force or pressure causing movement.
Historical Evolution
'cost-push' was coined in the mid-20th century to describe a specific type of inflationary pressure.
Meaning Changes
Initially, it meant inflation driven by production costs, and this meaning has remained consistent.
Meanings by Part of Speech
Adjective 1
relating to or denoting inflation caused by increased costs of production, especially wages and raw materials.
The economy is experiencing cost-push inflation due to rising oil prices.
Synonyms
Antonyms
Last updated: 2025/02/18 21:06