Economists discern both demand-pull and cost-push (supplyside) inflation. Demand-pull inflation results from an excess of total spending

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Economists discern both demand-pull and cost-push (supplyside)

inflation. Demand-pull inflation results from an excess of total spending relative to the economy’s capacity to produce.

The main source of cost-push inflation is abrupt and rapid increases in the prices of key resources. These supply shocks push up per-unit production costs and ultimately raise the prices of consumer goods.

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