通货膨涨期间货币贬值。

The value of money lessens during inflation.

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通货膨涨的效应犹如对债券征税，也如同用岁入来偿还债务。

The effect of inflation is analogous to levying a tax on bonds and using the revenue to pay off debt.

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事实上，政策制定者应在未来几个月把他们的注意力转移到何时及是否该关注通货膨涨。

In fact, policymakers will shift their focus over the next few months about when and whether inflation concerns should be addressed.

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