price shock
Sudden expense surge
A price shock is a sudden, unexpected change in the price of a commodity or asset—typically a sharp increase.
The term gained currency with the oil crises of the 1970s, when petroleum prices spiked dramatically: The price shock sent inflation soaring.
Price shocks ripple through economies, affecting production costs, consumer behavior, and monetary policy.
The shock may come from supply disruptions, demand surges, or policy changes.
- inflationSustained price level increase
- spikeSharp rise or point
- surgeSudden powerful increase
- volatilityRapid, unpredictable changeability
- oilSlippery viscous fluid
sharp increase · oil crisis · gasoline · crisis · recession · economic downturn · market · market crash · disruption · supply · supply chain · demand · panic · OPEC · embargo · energy crisis · shortage · stagflation
- shocksanaphylaxis, electroshock, aftershock