17th Century Inflation

I have just started reading Richard Ollard's This War Without an Enemy: A History of the English Civil Wars.  This book was recommended by my friend Joyce Malcolm, who is an English Civil War specialist.

Early on, he attributes this, at least in part, to a general inflation of prices in the 17th century throughout Europe.  This surprises me not in the least.  The core was the Spanish importation of gold and silver in mind-boggling quantities from the New World, much of it obtained by working Indian slaves to death.