Pronunciation: [kˈɒstpʊʃ] (IPA) 
The spelling of the word "costpush" can be explained using IPA phonetic transcription. The first syllable is pronounced as "kɒst," making use of the "o" sound represented by the symbol /ɒ/ and the "s" sound with the symbol /s/. The second syllable is pronounced as "pʊʃ," which makes use of the "u" sound represented by the symbol /ʊ/ and the "sh" sound with the symbol /ʃ/. Altogether, the word "costpush" is pronounced as "kɒstpʊʃ."
Cost-push refers to a type of inflationary pressure that occurs when the overall price level in an economy rises due to an increase in production costs. It is a situation where inflation is primarily driven by an increase in the expenses of production factors, such as labor, raw materials, and energy.
In a cost-push scenario, businesses face higher costs of production, leading them to increase the prices of their goods and services in order to maintain profitability. This typically occurs when there is an increase in wages or an increase in the prices of key inputs. As businesses pass on these increased costs to consumers, it leads to a rise in the general price level across the entire economy.
Cost-push inflation can have various consequences on an economy. It reduces the purchasing power of consumers as they have to pay higher prices for goods and services. This, in turn, may lead to a decrease in consumer spending, thereby affecting business revenues and economic growth. Additionally, cost-push inflation can also create wage-price spirals, where workers demand higher wages to compensate for increased living costs, further fueling inflationary pressures.
Policymakers and central banks generally attempt to mitigate the effects of cost-push inflation through monetary policies and regulations. They may choose to increase interest rates, reduce government spending, or implement price controls to curb rising prices and stabilize the economy.
The term "cost-push" is a compound word composed of "cost" and "push".
The word "cost" originated in the 15th century and comes from the Old French word "coste", which means "expense" or "outlay". It ultimately derives from the Latin word "costa", meaning "rib" or "side". The connection between the meaning of "costa" and "expense" can be attributed to the notion of the expense claimed by a rib or side of meat.
The word "push" is derived from the Middle English word "poushen". It has its roots in the Old French word "pousser" and ultimately comes from the Latin word "pulsare", meaning "to beat" or "to strike". Over time, "push" has gained various other meanings, including "to exert pressure" or "to drive forward".
