Cost push and demand pull inflation
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Increase in private expenditure
Demand side of market
scarcity of the factors of production
Supply side of market
cost push inflation
When prices rise due to an increase in the cost of production.
Reduction in taxation
demand side of market
increase in public expenditure
demand side of market
Demand pull inflation
increases in the price level (inflation) resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand
Production bottle neck
supply side of market
Rise in production cost
supply side of market