pricewage spiral

…If such a high inflation rate continues for a long period of time, wages will tend to be determined directly in line with the cost of living index. At the same time, a vicious cycle of prices and wages, in which rising prices lead to rising wages, which in turn leads to rising costs and new price increases, will take root in the economy. In addition, because the depreciation of money is rapid, both companies and households will try to hold onto money as little as possible, so they will turn to consumption and exchange. …

*Some terminology explanations that mention the "pricewage spiral" are listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

…このような高い物価上昇率が長期間続くと，賃金は生計費指数に直結して決められる傾向が強くなる。それとともに，物価の上昇が賃金の上昇を招き，それがコスト上昇を通じてまた新たな物価上昇を生む，という〈物価と賃金の悪循環pricewage spiral〉が経済に定着してしまう。また貨幣の減価する速度が速いため，企業も家計も貨幣保有を極力抑制しようとするため，消費や換物に走る。…

※「pricewage spiral」について言及している用語解説の一部を掲載しています。

出典｜株式会社平凡社世界大百科事典 第２版について | 情報