In economic theory, this phenomenon is described as a wage-price spiral."

Source: https://kiowacountypress.net/content/kc-fed-economist-inflation-could-become-embedded-if-rate-remains-high

Still, economists are optimistic that a wage-price spiral, or prolonged loop of higher wages and prices, can be avoided.

Source: https://financialpost.com/pmn/business-pmn/is-canadian-inflation-on-a-sustainable-path-to-2-essentials-offer-clues

The concept of a wage-price spiral, when rising wages create a cycle of inflationary pressures by increasing business costs and increasing demand, is debated within economics.

Source: https://www.mutiny.in/boes-huw-pill-says-brits-need-to-accept-were-all-worse-off/

While fear of a “wage-price spiral” has eased, the Federal Reserve’s course presumes job losses and risks a recession.

Source: https://biztoc.com/x/0555dddc936309d9?ref=ff