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Asked by Praveen Last Modified
Answer 
Causes of Cost-push inflation:
A sustained increase in the prices of goods and services brought about by rising input costs and a decrease in aggregate supply.
There are a number of factors that can contribute to cost-push inflation including increases in:
1. Wage rates.
2. Prices of raw materials (possibly as the result of currency depreciation).
3. Corporate taxes.
For inflation to be cost-push in nature, increases in input prices must affect a large proportion of producers, forcing up the general price level as demand stays constant in the short-run. This applies very well to the price of oil.
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