Cost-Push Inflation:
Cost-push inflation is induced by increasing costs, involving wages, therefore rising wages and other costs shove up prices. We can as well speak of wage inflation or price inflation whenever we mean raise in salary or prices.
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There is an assumption in accounting that money, that is the unit of measurement, will stay stable over time. However, this is an unrealistic assumption as the value of money changes. Generally, it is inflation that is the culprit.
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