Inflation is likely to remain contained this year by the absence of price pressures globally while a wage-price spiral is not likely.
在全球没有涨价压力而工资物价螺旋上升也不太可能出现的情况下，今年通货膨胀仍会受到抑制。
Price rises change expectations of inflation, leading workers to bid for wage increases that preserve their buying power and firms to push through price increases, generating a vicious spiral.
价格上涨改变通胀预期，致使工人为维持购买力而要求涨工资，企业推动价格上涨，从而产生一个恶性工资-价格螺旋。
And since there isn't a wage-price spiral, we don't need higher interest rates to get inflation under control.
并且，因为不存在工资-物价的螺旋上升，我们就不需要提高利率来控制通货膨胀。
For higher inflation to become dangerous a wage-price spiral is required, and without higher wages, there is no spiral.
要让上升的通货膨胀变得危险就需要产生工资-价格的盘旋上升，如果工资不上涨，就没有盘旋上升的余地。
But Mr Trichet's concern is that higher headline rates could push up inflation expectations, leading to bigger pay demands, and so trigger a wage-price spiral, as in the 1970s.
特里谢先生担心，现在的情况可能如同70年代一样，更高的整体通货膨胀率会提升通货膨胀预期，引发大幅加薪的需求，从而引发工资价格的螺旋上升。
As long as the public believes the Fed will act to control inflation, today's price increases are unlikely to feed tomorrow's wage claims, and a wage-price spiral can be averted.
只要公众相信联储会继续控制通胀，今天的价格增长就不太会引发明天增加工资诉求，工资与价格互涨的情况也不会出现。
Both in Britain and the euro zone, central bankers are worried about inflation and the prospect of a wage - price spiral.
在英国和欧元区，央行行长们担心的是通货膨胀以及工资价格螺旋上升的威胁。
Price rises change expectations of inflation, leading workers to bid for wage increases that preserve their buying power and firms to push through price increases, generating a vicious spiral.
价格上涨改变通胀预期，致使工人为维持购买力而要求涨工资，企业推动价格上涨，从而产生一个恶性工资——价格螺旋。
Other economists reckon that with productivity high and wages muted, a pernicious wage-price spiral of the kind that lay behind soaring inflation in the 1970s is unlikely.
其他经济学家认为，目前美国生产率涨势迅猛，而工资上涨迟缓，因此不会出现70年代那种由于工资螺旋式上升导致的通胀。
Other economists reckon that with productivity high and wages muted, a pernicious wage-price spiral of the kind that lay behind soaring inflation in the 1970s is unlikely.
其他经济学家认为，目前美国生产率涨势迅猛，而工资上涨迟缓，因此不会出现70年代那种由于工资螺旋式上升导致的通胀。
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