What does "inflationary spiral" mean?

A pattern of economic inflation in which higher wages lead to higher prices, which lead to higher wages, and so on.

Inflationary spiral

Common synonyms include: big price tag, bottom price, business index, ceiling, ceiling price, consumer price index.

noun

noun ·Rare ·Advanced level

Noun

1
A pattern of economic inflation in which higher wages lead to higher prices, which lead to higher wages, and so on.
2
an episode of inflation in which prices and wages increase at an increasing rate and currency rapidly loses value wordnet