The wage-price spiral of the 1970s has been avoided, but the income shock is painful.
现在能避免20世纪70年代出现的工资物价螺旋上涨现象，但收入冲击仍然非常痛苦。
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。
Labour markets in the euro area are generally more rigid than those in Britain, so the ECB has more reason to worry about a wage-price spiral.
欧元区的劳动市场渐渐地变得比英国的更刚性，所以欧洲央行更需要担心会发生工资-物价螺旋上涨。
The central bank's only job is to make sure higher food costs do not translate into higher pay demands, which might start a wage-price spiral.
央行的唯一职责就是确保高昂的食品价格不会转化为加薪的需求，这也许会导致工资轮番上涨。
And inflationary expectations are not properly anchored, increasing the risk of a wage-price spiral.
通胀预期不完全稳固，增加了薪金——价格螺旋式上涨风险。
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。
That will push China into the second stage of wage-price spiral.
这将推动中国进入工资螺旋式上涨的第二阶段。
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。
The risk of a wage - price spiral , albeit a modest one , is not negligible.
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。
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。
The risk of a wage-price spiral, albeit a modest one, is not negligible.
解决物价不断上涨问题的惟一对策就是重新 实行对 工资和 价格的控制。
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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