He said he expected prices to rise but he called the current situation " drastic."

他说，他预计物价会上涨，但他称目前的形势“严峻”。

There are several reasons why this is happening and why the price of crude is expected to get even higher.

有几个原因可以解释为什么会发生这种情况，为什么预计原油价格会进一步上涨。

Higher inflation readings pull expected prices up by more than lower inflation readings drag them down.

较高的通胀读数对预期价格的拉动幅度大于较低的通胀读数对预期价格的拉动幅度。

In other words, the present money-price of every commodity other than money tends to fall relatively to its expected future price.

换句话说，货币以外的每一种商品的当前货币价格都倾向于相对于其预期的未来价格下降。