In addition, the composition of Latvia's foreign trade by settlement currencies closely resembles the composition of the SDR basket, with the US dollar and the euro being the major component in both. The Bank of Latvia will be prepared to join the European System of Central Banks at the time of Latvia's accession to the EU.
1/8  BIS - Central bankers' speeches  In regard to this figure, however, it is worth noting that the rise in energy prices accounts directly for almost half of headline inflation, and indirectly for a relatively large share of the rise in non-energy prices. Higher energy prices have pushed up food prices as well.