The government has in recent months stimulated demand with generous tax cuts, which is fuelling the inflationary spiral.

近几个月来，政府通过慷慨的减税措施刺激了需求，这加剧了通胀螺旋。

And if prices start going up at a really fast pace, it can signal the beginning of a so-called inflationary spiral.

如果价格开始快速上涨，则可能标志着所谓的通货膨胀螺旋的开始。

Prices of coal and steel, the first to heat up, are already levelling off, making the increases seem big one-off changes rather than the start of inflationary spirals.

首先升温的煤炭和钢铁价格已经趋于平稳，此番涨价因此也许只是一次性的大变，而不是螺旋式上涨的开始。