excess demand inflation

基本解释

This is because the increase in inflation has been mostly driven by food, as a result of supply shocks, rather than caused by excess aggregate demand.
因爲，主要由食品價格敺動的通脹的上陞是由於供應上的意外，而非更多的需求引起的。
However, excess demand is tiny compared with previous phases of overheating so the risk of soaring inflation causing a hard landing in the near future is remote.
盡琯如此，與以前經濟過熱的幅度相比，需求過旺的影響很小，所以在近期由於高通脹引起的硬著陸的風險很低。
ouyangrihuiblog.blog.163.com
Inflation is only 1.4% and China has a widening current-account surplus, which implies excess supply rather than excess demand. Nor do asset price gains look particularly excessive.
通脹率僅爲1.4%，經常賬戶盈餘不斷擴大，這意味著供給過賸而非需求過度。

Then, excess demand resulted in higher inflation, huge current-account deficits and rampant asset-price inflation.
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