{"id":45078,"date":"2026-04-20T12:52:22","date_gmt":"2026-04-20T12:52:22","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e5%be%b7%e5%9b%bd%e5%95%86%e4%b8%9a%e9%93%b6%e8%a1%8c%ef%bc%88commerzbank%ef%bc%89%e7%9a%84tatha-ghose%e8%a1%a8%e7%a4%ba%ef%bc%8c%e4%b8%ad%e4%b8%9c%e6%ac%a7%ef%bc%88cee%ef%bc%89%e9%80%9a%e8%83%80\/"},"modified":"2026-04-20T12:52:22","modified_gmt":"2026-04-20T12:52:22","slug":"%e5%be%b7%e5%9b%bd%e5%95%86%e4%b8%9a%e9%93%b6%e8%a1%8c%ef%bc%88commerzbank%ef%bc%89%e7%9a%84tatha-ghose%e8%a1%a8%e7%a4%ba%ef%bc%8c%e4%b8%ad%e4%b8%9c%e6%ac%a7%ef%bc%88cee%ef%bc%89%e9%80%9a%e8%83%80","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e5%be%b7%e5%9b%bd%e5%95%86%e4%b8%9a%e9%93%b6%e8%a1%8c%ef%bc%88commerzbank%ef%bc%89%e7%9a%84tatha-ghose%e8%a1%a8%e7%a4%ba%ef%bc%8c%e4%b8%ad%e4%b8%9c%e6%ac%a7%ef%bc%88cee%ef%bc%89%e9%80%9a%e8%83%80\/","title":{"rendered":"\u5fb7\u56fd\u5546\u4e1a\u94f6\u884c\uff08Commerzbank\uff09\u7684Tatha Ghose\u8868\u793a\uff0c\u4e2d\u4e1c\u6b27\uff08CEE\uff09\u901a\u80c0\u56e0\u80fd\u6e90\u4ef7\u683c\u4e0a\u6da8\u800c\u8d70\u9ad8\uff0c\u800c\u6838\u5fc3\u901a\u80c0\u7684\u5347\u5e45\u4ecd\u5c5e\u6e29\u548c\u4e14\u6ce2\u52a8\u8f83\u5927"},"content":{"rendered":"<p>\u5fb7\u56fd\u5546\u4e1a\u94f6\u884c\uff08Commerzbank\uff09\u7684\u5854\u5854\u00b7\u6208\u4ec0\uff08Tatha Ghose\uff09\u5728\u8fd1\u671f\u80fd\u6e90\u4ef7\u683c\u4e0a\u6da8\u540e\uff0c\u56de\u987e\u4e86\u6ce2\u5170\u3001\u6377\u514b\u4e0e\u5308\u7259\u5229\u76843\u6708\u901a\u80c0\u6570\u636e\u3002\u4ed6\u8868\u793a\uff0c3\u6708\u603b\u4f53\u901a\u80c0\uff08headline inflation\uff0c\u6307\u628a\u6240\u6709\u4ef7\u683c\u9879\u76ee\u90fd\u8ba1\u7b97\u5728\u5185\u7684\u901a\u80c0\u7387\uff09\u5982\u9884\u671f\u4e0a\u5347\uff0c\u4e3b\u8981\u662f\u56e0\u4e3a\u5168\u7403\u80fd\u6e90\u6210\u672c\u8df3\u6da8\u3002<\/p>\n<p>\u4ed6\u6307\u51fa\uff0c3\u6708\u5c1a\u672a\u770b\u5230\u80fd\u6e90\u4e0a\u6da8\u201c\u5916\u6ea2\u201d\u5230\u66f4\u5e7f\u6cdb\u4ef7\u683c\uff08\u5373\u5e26\u52a8\u5176\u4ed6\u5546\u54c1\u4e0e\u670d\u52a1\u4e00\u8d77\u6da8\u4ef7\uff09\u7684\u8ff9\u8c61\uff0c\u56e0\u4e3a\u80fd\u6e90\u4e0a\u6da8\u53d1\u751f\u4e0d\u4e45\u3002\u4ed6\u8865\u5145\uff0c\u968f\u7740\u8fdc\u671f\u5408\u7ea6\uff08forward contracts\uff0c\u6307\u4e8b\u5148\u9501\u5b9a\u672a\u6765\u67d0\u4e2a\u65f6\u95f4\u7684\u4e70\u5356\u4ef7\u683c\u7684\u5408\u7ea6\uff09\u5230\u671f\uff0c\u8fdb\u53e3\u6210\u672c\uff08import costs\uff0c\u4ece\u56fd\u5916\u4e70\u5165\u5546\u54c1\u7684\u6210\u672c\uff09\u53ef\u80fd\u4f1a\u9010\u6b65\u53cd\u6620\u51fa\u6765\u3002<\/p>\n<h3>\u6838\u5fc3\u901a\u80c0\u4fe1\u53f7\u4ecd\u6e29\u548c<\/h3>\n<p>\u6b27\u6d32\u7edf\u8ba1\u5c40\uff08Eurostat\uff09\u7684HICP\u6570\u636e\uff08HICP\uff0c\u534f\u8c03\u6d88\u8d39\u7269\u4ef7\u6307\u6570\uff0c\u7528\u6765\u6bd4\u8f83\u5404\u56fd\u901a\u80c0\u7684\u7edf\u4e00\u53e3\u5f84\u6307\u6807\uff09\u4e0a\u5468\u53d1\u5e03\uff0c\u663e\u793a3\u6708\u6838\u5fc3HICP\uff08core HICP\uff0c\u5254\u9664\u6ce2\u52a8\u8f83\u5927\u7684\u80fd\u6e90\u4e0e\u98df\u54c1\u540e\uff0c\u66f4\u80fd\u53cd\u6620\u8d8b\u52bf\u7684\u901a\u80c0\u6307\u6807\uff09\u5c0f\u5e45\u4e0a\u5347\u3002\u8be5\u5347\u5e45\u88ab\u5f62\u5bb9\u4e3a\u6e29\u548c\uff0c\u4e14\u4ecd\u5728\u6708\u5ea6\u7edf\u8ba1\u6ce2\u52a8\u7684\u6b63\u5e38\u8303\u56f4\u5185\u3002<\/p>\n<p>\u5e02\u573a\u9884\u671f\u533a\u57df\u592e\u884c\u5c06\u6682\u505c\u8fdb\u4e00\u6b65\u964d\u606f\uff0c\u76f4\u5230\u6cb9\u4ef7\u660e\u663e\u4f4e\u4e8e\u76ee\u524d\u6c34\u5e73\u3002\u6682\u505c\u7684\u76ee\u7684\uff0c\u662f\u7559\u65f6\u95f4\u89c2\u5bdf\u662f\u5426\u51fa\u73b0\u201c\u7b2c\u4e8c\u8f6e\u6548\u5e94\u201d\uff08second-round effects\uff0c\u6307\u80fd\u6e90\u7b49\u5148\u6da8\u4ef7\u540e\uff0c\u5f15\u53d1\u5de5\u8d44\u4e0e\u670d\u52a1\u4ef7\u683c\u7b49\u4e5f\u6301\u7eed\u8ddf\u7740\u4e0a\u6da8\uff09\u3002\u76ee\u524d\u6570\u636e\u4ecd\u663e\u793a\u6b21\u7ea7\u538b\u529b\uff08secondary pressure\uff0c\u5373\u7b2c\u4e8c\u8f6e\u6548\u5e94\u5e26\u6765\u7684\u989d\u5916\u901a\u80c0\u538b\u529b\uff09\u51e0\u4e4e\u53ef\u4ee5\u5ffd\u7565\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u80fd\u6e90\u8df3\u6da8\u63a8\u5347\u6ce2\u5170\u3001\u6377\u514b\u3001\u5308\u7259\u52293\u6708\u603b\u4f53\u901a\u80c0\uff0c\u4f46\u6838\u5fc3HICP\u4ec5\u6e29\u548c\u4e0a\u884c\uff1b\u5916\u6ea2\u4e0e\u7b2c\u4e8c\u8f6e\u6548\u5e94\u4ecd\u672a\u73b0\u3002\u533a\u57df\u592e\u884c\u6216\u5148\u6309\u5175\u4e0d\u52a8\uff0c\u89c2\u5bdf\u8fdb\u53e3\u6210\u672c\u4f20\u5bfc\u3002<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129],"tags":[],"class_list":["post-45078","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/45078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/comments?post=45078"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/45078\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=45078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=45078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=45078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}