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The price of lithium has risen. The price rise is often attributed to an increase in demand for batteries. Is it correct to describe this price increase as"infl

• Tycho 10y ago
  That's how the term is most broadly used by people who follow financial markets. Central bankers are currently obsessed with inflation as they see it as an indicator of economic vitality (ie. people have such a thirst for creating/obtaining new wealth and new enterprise that they are willing to pay more for things like the batteries in your scenario).
• dragonwriter 10y ago
  Yes, what you describe is market-segment-specific cost-push (as opposed to demand-pull) inflation