Inflation, prices go too high, people can't afford things.

通货膨胀，价格太高，人们买不起东西。

It's currently dealing with runaway inflation, prices around 70 percent higher at the end of last year than they were the year before.

目前该国正在应对失控的通货膨胀，去年年底的价格比前年高出约70%。

So inflation prices go up, but as much as everyone wishes for prices to just decrease back to pre-pandemic levels, it's actually not good for the economy if that happens.

因此通货膨胀会导致价格的上涨，尽管每个人都希望价格能降回大流行前的水平，但如果真的发生了这种情况，实际上对经济来说并没有什么好处。

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。