wage-price spiral
B2CEFR level
55/100Rarity: uncommon
TechnicalRegister
A self-reinforcing cycle in which rising wages push up prices, prompting further wage demands.
The central bank feared that generous settlements would ignite a wage-price spiral.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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