cost-push
inflation---A
theory from the late nineteen seventies referring to a general rise in prices
caused by a particular good that is necessary in producing, transporting and
exchanging just about every other good in the economy. A rise in the cost of oil was thought to fuel
a general increase in the cost of goods all around during the
late seventies and early eighties. Cost-push inflation coupled with oligopoly, social
unrest and speculation
could cause energy prices to spiral out of control. See also stagflation