通胀税， 也称为“货币税”。指发行货币的组织或国家，在发行货币并吸纳等值黄金等财富后，货币贬值，使持币方财富减少，发行方财富增加的经济现象。
Hall和Sargent的计算显示，几乎所有的通胀税都由那些持有5年或更长到期期限债券的人承担。
The Hall-Sargent calculations show that almost all of this inflation tax was borne by those who held bonds with a maturity of five years or more.
近来的通胀很大一部分分明是受到诸多一次性因素的影响，包括从俄罗斯粮食收获减产造成粮价飙升到英国增值税的提高。
Much of its recent rise is driven by what are clearly one-off factors, from weak Russian harvests that sent grain prices soaring to the rise in value-added tax in Britain.
她同时表示，主要由于计划从年初开始会提高增值税，所以通胀在2011年可能会维持在目标点位以上。
It also said that inflation would probably remain above target in 2011, largely because of a rise in value-added tax planned for the start of the year.
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