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English definition of “demand-pull inflation”

demand-pull inflation

noun [U]
 
 
(also demand inflation)
ECONOMICS the increase in prices that is caused by people wanting to buy or use more goods and services than are available during a particular period of time: Most inflation is what is called demand-pull inflation - when high demand for goods and services allows (or forces) manufacturers to increase prices rapidly.
(Definition of demand-pull inflation from the Cambridge Business English Dictionary © Cambridge University Press)
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