A price increase – for food or gasoline, for example – reduces the real income of employees. They then demand higher wage payments, often in anticipation of further expected price increases. Firms factor the increased wage costs into prices, which in turn leads to a price increase, and so on. – See agricultural policy, cost-push inflation, inflation, perceived, inflation compensation, purchasing power drain, wage, indexed, wage tax, lug-and-frog thesis, oil price compensation, stimulus threshold, real cash effect, second-round effects, automated.
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Passende Formel
Inflationsrate
Die prozentuale Veränderung eines Preisindex zwischen zwei Perioden bestimmen.
Variablen: π Inflationsrate in Prozent; P Preisindex.
Anwendung: Für Verbraucherpreisindex, BIP-Deflator und andere Preisindizes.