Capital movement results in the change of the money stock. For the more, spontaneously change of the money stock lead to the change of the general price level, which is named natural inflation rate. Then, based on the data of 1997-2014 in China, empirical analysis is carried on the natural inflation rate. The conclusion of demonstration is correspond to China economy, especially sensitive to economy crisis.%社会资本运动会引发流通中货币存量的变动,自发性货币存量变动导致物价水平的变化,从而引致一个自发性的通货膨胀率,即自然通货膨胀率.运用1997-2014年相关数据对我国自然通货膨胀率进行实证分析,所得结论基本与我国经济运行相一致,自然通货膨胀率对于数次的经济危机的反应更为灵敏.
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