Meaning of “demand-pull inflation” in the English Dictionary

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"demand-pull inflation" in Business English

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demand-pull inflationnoun [ U ]

uk us 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)