Politics

BT Explains: What is cost-push inflation and how can governments address it?



THE US Federal Reserve’s <a href="/government-economy/federal-reserve-rolls-out-biggest-rate-hike-since-1994-flags-slowing-us-economy" target="_blank">75-basis-point hike</a> last week – the largest interest rate increase since 1994 – aimed to curb soaring inflation, which has hit decade-highs in the US and the European Union.



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