Lohn-Preis-Spirale

Lohn (“wage”) +‎ Preis (“price”) +‎ Spirale (“spiral”)

• IPA^(key): [ˈloːnpʁaɪ̯sʃpiˌʁaːlə]
• Hyphenation: Lohn‧Preis‧Spi‧ra‧le

Lohn-Preis-Spirale f (genitive Lohn-Preis-Spirale, plural Lohn-Preis-Spiralen)

1. (economics) wage-price spiral (a macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices)

   Um eine gefährliche Lohn-Preis-Spirale zu verhindern, mahnte die Zentralbank zu moderaten Tarifabschlüssen.

   To prevent a dangerous wage-price spiral, the central bank urged moderate collective bargaining agreements.

• Zweitrundeneffekt (second-round effect; often used by central banks)
• Kostendruckinflation (cost-push inflation)

• Deflationsspirale (the opposite effect where falling prices and wages reinforce each other)

• Inflation (the general increase in price levels)
• Inflationsausgleich (the trigger for higher wage demands)
• Leitzins (the tool used to break the spiral by cooling the economy)
• Tarifautonomie (the right of unions and employers to negotiate wages independently)
• Preissetzungsmacht (the ability of companies to pass on higher costs to consumers)

• Lohnsteigerung (wage increase)
• Preisschub (price surge)