A surge in oil prices results in a change in relative prices, with the price of oil going up relative to the price of other goods and services. But the higher relative price of oil does not cause the overall inflation rate to pick up. That can only occur if the money supply picks up. After all, inflation is always and everywhere a monetary phenomenon.
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3014508110http://paper.people.com.cn/rmrb/pc/content/202603/13/content_30145081.htmlhttp://paper.people.com.cn/rmrb/pad/content/202603/13/content_30145081.html11921 “中国是全球稳定发展的重要动力源”（两会·读懂中国）