So I added a simple little dot to show the current price relative to its one-year range.

所以我添加了一个简单的小点来显示相对于其一年范围的当前价格。

High payout rates in America—equivalent to 63% of operating cashflow, compared with 41% in Europe—have helped push American share prices relative to earnings well above those in most other markets.

美国的高派息率——相当于运营现金流的 63%，而欧洲为 41%——帮助推动美国股价相对收益的比率远高于大多数其他市场。

Last year about 40% of the rise in American prices relative to the pre-pandemic trend, and 66% of the rise in euro-area prices, was attributable to disruptions to production and higher commodity prices, the imf calculates.

去年美国价格相对于大流行前趋势的上涨约 40%， 国际货币基金组织计算，以及欧元区价格上涨的 66%， 可归因于生产中断和大宗商品价格上涨。