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More of the same today coming out of Europe on the inflation reporting front. This will beget further beating of the Wall Street consensus inflation war drums that have finally arrived!

Spain's Producer Price Index for May came in at +7.9% year over year, up from April, and hitting a 23 year high.
KM

(picture: http://www.abc.net.au/reslib/200707/r159503_581874.jpg)