To From Player Fee Date Charlton Athletic Bolton Wdrs. Jul 2000 Man. Jul 1997 Newcastle Utd. These increases in transfer fees have come about because of excess demand for players. If this pattern of demand was repeated at a macro-economic level for all goods and services, then it would be a significant contributory factor to inflation.
Excess demand is seen as being a major cause of inflation.
If this continues, then demand-pull inflation is the result. In the case of the market for Nationwide League players, it is thought that the boost to demand has come about through increased Premiership revenues.