Europe is hardly trying to catch up on CPI...

Friday CPI Data for May 2022 got published:

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https://de.statista.com/statistik/daten/studie/163462/umfrage/inflationsraten-in-den-laendern-der-eurozone-monatswerte/#professional

Also the PPI Data was announced which hiked to 33.6% YTD.

Eurozone gas explosion, sets up for a very difficult winter pic.twitter.com/gzVwlvER3I
— Global_Macro (@Marcomadness2) June 20, 2022

indeed –and now they're squeeze on coal futures as well (yellow line, Rotterdam contract) pic.twitter.com/GZRtbutfd5
— Global_Macro (@Marcomadness2) June 20, 2022

h/t Hans_Hackebeil

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