工资价格螺旋上升，即使是一种适度的上升，其风险也是不可小视的。
The risk of a wage - price spiral , albeit a modest one , is not negligible.
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。
Both in Britain and the euro zone, central bankers are worried about inflation and the prospect of a wage - price spiral.
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。
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.
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