excess demand inflation

基本解釋

This is because the increase in inflation has been mostly driven by food, as a result of supply shocks, rather than caused by excess aggregate demand.
因為，主要由食品價格驅(qū)動的通脹的上升是由于供應(yīng)上的意外，而非更多的需求引起的。
However, excess demand is tiny compared with previous phases of overheating so the risk of soaring inflation causing a hard landing in the near future is remote.
盡管如此，與以前經(jīng)濟過熱的幅度相比，需求過旺的影響很小，所以在近期由于高通脹引起的硬著陸的風(fēng)險很低。
ouyangrihuiblog.blog.163.com
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.
通脹率僅為1.4%，經(jīng)常賬戶盈余不斷擴大，這意味著供給過剩而非需求過度。

Then, excess demand resulted in higher inflation, huge current-account deficits and rampant asset-price inflation.
ECONOMIST: China's economy
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
The doves counter that it is excess demand, not rapid growth, that causes inflation to accelerate, and argue that America's economy, though certainly booming, is in no danger of outstripping its capacity.
ECONOMIST: The storm before the storm?