大多数商品价格上涨且供应紧张。

Most goods rose in cost and were more difficult to obtain.

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需求将变得疲弱，绝大多数商品价格将会下跌，企业将因此失去定价能力，他们的利润率将仍然受到挤压。

Demand will be weak, most prices will be falling, and companies will therefore have little pricing power and their profit margins will remain squeezed.

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虽然大多数食品不在增值税调整之列，消费者却难以幸免：根据经济学人商品价格指数，全球食品价格去年上升了27%。

Most food escapes VAT, but that will not spare consumers: global food prices have risen by 27% in the past year, according to the Economist's commodity-price index.

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