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The sudden rise in oil prices triggered cost-push inflation that eroded household purchasing power.
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The sudden rise in oil prices triggered cost-push inflation that eroded household purchasing power.
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Related words
cost-push inflation
Noun
uncountable
Japanese Meaning
商品やサービスの生産・提供に係るコストが大幅に上昇した結果、そのコスト増加分が価格に転嫁され、物価全体が上昇する現象
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