Does Increasing the Minimum Wage increase inflation?

In Nigeria, minimum wage refers to the lowest Typically, it is a broad measure of trends in the monthly pay the government or any other overall price or the cost of living in a country1. [...] Recently, there has been of inflation but also the types of inflation and a demand by the organized labor unions of the which one best describes the Nigerian context. [...] While there are some the more significant the gap between the insinuations that increasing the minimum wage aggregate demand and the aggregate significantly will further worsen inflation due to the supply, the more rapid the inflation2. [...] cost-push inflation occurs as a result of an In this brief, we explore the current state of the increase in the costs of production, leading economy, the pattern of inflation that defines it, producers to raise prices to maintain profit the potential implications of increasing the margins. [...] However, the relationship between minimum wage increases and inflation is clear from the above charts, where we highlighted that while the real minimum wage has been falling over the years, the inflation rate has spiraled consistently over the years.