Inflation still within controllable range

时间：2007-08-23 07:22:56

（单词翻译:单击）

Chinanews, Beijing, Aug 23 – Over the past few months, meat, eggs, grains and cooking oil have all witnessed a substantial price rise in many parts of the country. The price rise of these foods then affected1 the prices of other goods. Later, the prices of milk, beef, mutton and instant noodles have also risen. Faced with the current of price rise, Chinese government has begun to take some measures to take it in hand.

 

The quick food price rise has brought some negative impacts on people's life and many people have begun to show concern for the possible inflation, the People's Daily Overseas Edition reported.

 

The central bank recently released a report about the implementation2 of China's monetary3 policies during the second quarter of this year. The report says that at present, as commodity prices rises quickly, China should pay attention to possible inflation. Considering the fact that trade surplus might push up the commodity prices, the report concludes that the current price hike is not an accidental phenomenon. Inflation risk is increasing and four factors might further aggravate4 the problem: first, the prices of food and meat may not fall in the short run; the pressure for energy price to rise is beefing up; labor5 costs are increasing; finally, as inflation expectation further rises, this might become a pressure pushing up the prices further.

 

In light of the possible global inflation, the report suggests that China should make sure that the price rise in foods will not spread to other commodities. China should prevent an overall price rise.

 

Although many goods have witnessed a price rise, on the whole the current price hike is still structural6 in nature, said Gao Huiqing, an expert at State Information Center. From the general supply and demand situation, such price hike will not trigger an overall price rise. So the current price rise only occurs in some of the goods, not all. The prices of electronic products and clothes, for instance, have remained steady or even declined somewhat, Gao noted7.

 
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1 affected TzUzg0     
adj.不自然的，假装的
参考例句：
  • She showed an affected interest in our subject.她假装对我们的课题感到兴趣。
  • His manners are affected.他的态度不自然。
2 implementation 2awxV     
n.实施，贯彻
参考例句：
  • Implementation of the program is now well underway.这一项目的实施现在行情看好。
3 monetary pEkxb     
adj.货币的，钱的；通货的；金融的；财政的
参考例句：
  • The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
  • Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
4 aggravate Gxkzb     
vt.加重(剧)，使恶化；激怒，使恼火
参考例句：
  • Threats will only aggravate her.恐吓只能激怒她。
  • He would only aggravate the injury by rubbing it.他揉擦伤口只会使伤势加重。
5 labor P9Tzs     
n.劳动，努力，工作，劳工；分娩；vi.劳动，努力，苦干；vt.详细分析；麻烦
参考例句：
  • We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
  • He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。
6 structural itXw5     
adj.构造的，组织的，建筑（用）的
参考例句：
  • The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
  • The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。
7 noted 5n4zXc     
adj.著名的，知名的
参考例句：
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。

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