Investor Presentaiton
0
5
01.01.2005
01.01.2006
01.01.2007
21
Source: Eurostat
10
15
AS GLOBAL ENERGY AND FOOD PRESSURES SUBSIDE, INFLATION DECLINES
RAPIDLY
Larger share of food and energy in consumption basket and quicker pass-through to consumer prices elevates inflation; no
material harm on competitiveness expected in medium term
Inflation (HICP; year on year; %) and contribution to changes
(percentage points)
CPI forecast by European Commission (Spring Forecast 2023):
2023: 9.3%
2024: 1.7%
20
Wages
Oil
Global food
80
70
70
80
60
60
Energy and food prices in LV and EA
(year on year; %)
01.01.2008
01.01.2009
01.01.2010
01.01.2011
01.01.2012
01.01.2013
01.01.2014
Natural gas
Electricity
Heating energy
Solid fuels
Other factor
Headline inflation
01.01.2015
01.01.2016
01.01.2017
01.01.2018
01.01.2019
01.01.2020
01.01.2021
01.01.2022
01.01.2023
-10
50
50
40
40
30
20
20
10
10
0
01.08.2021
01.09.2021
01.10.2021
01.11.2021
01.12.2021
01.01.2022
Source: Eurostat
EA_Food
01.02.2022
01.03.2022
01.04.2022
01.05.2022
01.06.2022
01.07.2022
01.08.2022
01.09.2022
01.10.2022
01.11.2022
01.12.2022
01.01.2023
EA_Energy
LV_Food
01.02.2023
01.03.2023
01.04.2023
01.05.2023
01.06.2023
01.07.2023
01.08.2023
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