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n general, people seem to know that inflation is often not a good thing in an economy. This makes sense, to some degree - inflation refers to rising prices, and rising prices are typically viewed as a bad thing.

总体来说，人们似乎知道通货膨胀对一个经济体来说通常不是什么好事。这是情理之中的事，在一定程度上，通货膨胀就意味着物价上涨，而物价上涨一般都被视为坏事。

Technically speaking, however, increases in the aggregate price level need not be particularly problematic if prices of different goods and services rise uniformly, if wages rise in tandem with the price increases, and if nominal interest rates adjust in response to changes in inflation. (In other words, inflation need not reduce the real purchasing power of consumers.)

从技术上讲，如果所有商品和服务的价格都以统一的幅度上涨，如果工资水平也随着物价一起上涨，并且如果名义利率也跟随通货膨胀进行调整，那综合物价的上涨就不太会是个问题。（换句话说，这种情况下通货膨胀并没有削弱消费者的购买力。）

There are, however, costs of inflation that are relevant from an economic perspective and cannot be easily avoided.

不过，从经济学的角度看，通货膨胀还是会带来些很明显的成本，而且这些成本无法轻易避免。

Menu Costs

菜单成本

When prices are constant over long periods of time, firms benefit in that they don't need to worry about changing the prices for their output.

如果物价在很长一段时间内保持稳定，那么企业是获益的，因为他们不需要改变自己产品的售价。

When prices change over time, on the other hand, firms would ideally like to change their prices in order to keep pace with the general trends in prices, since this would be the profit-maximizing strategy.

而如果物价随时间变动了，企业当然就会想跟随总趋势来提高自己产品的售价，毕竟这是能让利润最大化的策略。