excess-demand inflation

基本解释

Inflation is only 1.4% and China has a widening current-account surplus, which implies excess supply rather than excess demand.
通脹率衹是1.4%。擴大的經常項目盈餘暗示著超額生産而不是超額需求。
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。

One more reason not to lose sleep over the surge in oil prices is that, unlike the rises in the 1970s, it has not occurred against the backdrop of general commodity-price inflation and global excess demand.
ECONOMIST: Oil’s pleasant surprise
Then, excess demand resulted in higher inflation, huge current-account deficits and rampant asset-price inflation.
ECONOMIST: China's economy
As stockmarkets rally on a belief that the central bank has acted pre-emptively and quashed any prospect of inflation, looser financial conditions could fuel the very excess demand that the Fed is trying to reign in.
ECONOMIST: Monetary policy isn’t getting any easier