wage-push inflation

uncountable

(economics) The situation where rising wages lead to an increase in the cost of goods.

Japanese Meaning

賃金の上昇が商品の価格上昇を引き起こす現象、すなわち、賃金上昇型インフレーション

Economists warned that prolonged wage-push inflation could erode real incomes and slow economic growth.

経済学者たちは、賃金上昇による長引くインフレが実質所得を蝕み、経済成長を鈍化させる可能性があると警告した。

Sense（1）

(economics) The situation where rising wages lead to an increase in the cost of goods.