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。

youdao

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。

youdao

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。

youdao

The country is showing signs of a wage-price spiral, with annual inflation touching 26%, labour unrest and a threatened general strike.

ECONOMIST: Sri Lanka

For higher inflation to become dangerous a wage-price spiral is required, and without higher wages, there is no spiral.

ECONOMIST: The economy