Portrait of an Ascending Sovereign Credit
Due to economic challanges inflation has dropped bellow 2%
Inflation is mainly affected to the declining demand due to the measures introduced to curb the spread of Covid-19.
4
32HOT
1
0
-1
-2
Jan-14
Mar-14
Inflation
Jul-16
Sep-16
Nov-16
Jan-17
(HICP, %)
Mar-17
May-17
Jul-17
Sep-17
Nov-17
Jan-18
Mar-18
May-18
Jul-18
Sep-18
Nov-18
Jan-19
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Energy
Inflation
Source: Eurostat (23.09.2020.)
Inflation In Latvia
0.8
2.9
J
0.2
2.4
0.1
1.8
Food, alcohol, tobacco.
Inflation excl. energy, food, alcohol, tobacco
(HICP, %)
2.9 2.8 3.0
3.2
2.6
2.7 2.7 2.8
2.3
- 0.2
- 0.7
- 0.6
2014
2015
2016
2017
■Goods inflation
Source: Eurostat
■Total inflation
12
2018
■Services inflation
2019
Harmonised Index of Consumer Prices
(August 2020, 12 months average %)
1.0%
EU-27: 1%
Czech
Austria
Latvia
AA-/Aa3/AA- AA+/Aa1/AA+ A+/A3/A-
Source: Eurostat (23.09.2020.)
France
Finland
Belgium
AA/Aa2/AA AA+/Aa1/AA+ AA/Aa3/AA- AA-/A1/AA-
Estonia
Harmonised Index of Consumer Prices Projection
1.2%
(2020-2021, %)
EU:0,95%
Czech
AA-/Aa3/AA-
Latvia
A+/A3/A-
Estonia
Austria
AA-/A1/AA- AA+/Aa1/AA+
Belgium
Finland
AA/Aa3/AA- AA+/Aa1/AA+ AA/Aa2/AA
France
Source: European Commission, Summer 2020 (24.08.2020.)View entire presentation