And yes, some commodity prices have shot up, but this has had very little effect on general inflation.

一些大宗商品确实也价格猛涨，但这对总体通膨影响甚微。

Indeed, the influence of official inflation statistics stretches even further than companies' views on the general inflation outlook.

事实上，官方通胀统计数据的影响力甚至比企业对总体通胀前景的看法更大。

One more reason not to lose sleep over the rise in oil prices is that, unlike the rises in the 1970s, it has not occurred against the background of general commodity price inflation and global excess demand.

另外一个不应因油价上升而失眠的原因是，与 20 世纪 70 年代不同，这次油价上升不是发生在普遍的物价暴涨及全球需求过旺背景之下。

We're also getting the benefit of the market because then we have a real concern about outpacing inflation, especially when the inflation rate for housing is significantly higher than the general inflation rate.

我们也从市场中获益， 因为那时我们真的很担心超过通胀，尤其是当住房通胀率明显高于一般通胀率时。

18. One more reason not to lose sleep over the rise in oil prices is that, unlike the rises in the 1970s, it has not occurred against the background of general commodity-price inflation and global excess demand.

18. 不要因石油价格上涨而失眠的另一个原因是，与 20 世纪 70 年代的上涨不同，石油价格上涨并不是在商品价格普遍上涨和全球需求过剩的背景下发生的。