Definition of Inflationary spiral:
Self-sustaining upward trend in general price levels fueled by the reinforcing feedback of a vicious circle. Wage price spiral is a typical example of an inflationary spiral: high cost of living prompts demands for higher wages which push production costs up forcing firms to increases prices, which in turn trigger calls for fresh wage increases ... and so on. Such situations continue until radical measures (such as incomes policy) are instituted to break the cycle, otherwise the currency is rendered almost worthless as a medium of exchange (as it happened in Germany in the 1920s, in Brazil in the 1980s, and in Argentina in the 1990s) and has to be replaced with new monetary units (currency).
Synonyms of Inflationary spiral
Big price tag, Bottom price, Business index, Ceiling, Ceiling price, Consumer price index, Cost-of-living index, Demand curve, Extortionate price, Famine price, Fancy price, Floor, Floor price, Good price, High price, Hot economy, Inflation, Inflationary gap, Inflationary pressure, Inflationary prices, Luxury price, Pretty penny, Price ceiling, Price index, Price level, Rack rent, Rising prices, Scarcity price, Soaring costs, Spiraling prices, Stiff price, Top price
Meaning of Inflationary spiral & Inflationary spiral Definition