Definitions from Wiktionary (inflationary spiral)
▸ noun: (economics) A pattern of economic inflation in which higher wages lead to higher prices, which lead to higher wages, and so on.
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▸ noun: (economics) A pattern of economic inflation in which higher wages lead to higher prices, which lead to higher wages, and so on.
Similar:
wage-push inflation,
wage drift,
inflation,
second-round effect,
demand-pull inflation,
greedflation,
greenflation,
agflation,
foodflation,
core inflation,
more...
Opposite:
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