demand-pull inflation
Noun
Meaning
inflation caused by an increase in demand or in the supply of money
Source: WordNetSynonyms
Hypernyms
Examples
However, these can be considered as different aspects of an overall inflationary process: demand-pull inflation explains how price inflation starts, and cost-push inflation demonstrates why inflation once begun is so difficult to stop.
When demand for goods exceeds supply there is an inflationary gap where demand-pull inflation occurs and the AD curve shifts upward to a higher price level.