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Inflation — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsInflation2 Marks
Question
Explain cost push inflation.
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Answer

When prices rises due to rise in cost of production, it is called cost push inflation.
Two factors causing cost push Inflation
(i) Cost push inflation may be caused due to an increase in wage cost.
(ii) Increase in price of basic raw-materials causes cost push inflation.

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