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。
2
Price rises change expectations of inflation, leading workers to bid for wage increases that preserve their buying power and firms to push through price increases, generating a vicious spiral.