Let me tell you what some other people say, though: 1  The EWGâs Skin Deep Database lists it as a 5-6 (or moderate hazard), but trying to find the studies they used for their rating proved difficult, and the ones I did find were the nebulous âborax or boric acidâ test studies.
1 This is so because, my nominal wages have increased by 10% while the average price level (CPI) has increased by only 5%. 2  Thus today (in 2010) with my higher nominal wage ($1100.00) I can buy more than I could buy last year.
1 Therefore, after a devaluation we often get an increase in inflation due to rising cost of imports. 2  Higher Wages. 3  Wages are one of the main costs facing firms. 4  Rising wages will push up prices as firms have to pay higher costs (higher wages may also cause rising demand).