The annual inflation rate in Montenegro rose to 1 percent in December 2019 from 0.5 percent in the previous month. It was the highest inflation rate in a year, as cost of transport rebounded (2.4 percent from -1.4 percent in November) and prices advanced further for food & non-alcoholic beverages (3.2 percent from 2.9 percent) and furniture & household equipment (1 percent from 0.6 percent). Also, cost of clothing & footwear dropped at a softer pace (-2.4 percent from -3.4 percent). In contrast, prices slowed for miscellaneous goods & services (1 percent from 1.1 percent); health (0.1 percent from 0.3 percent); and alcoholic beverages & tobacco (0.1 percent from 0.2 percent). Additionally, prices of housing & utilities continued to fall (-0.5 percent, the same as in November). On a monthly basis, consumer prices declined 0.1 percent, after increasing 0.1 percent in the prior month. Considering 2019 as a whole, the inflation rate was at 0.4 percent.

Inflation Rate in Montenegro averaged 4.46 percent from 2001 until 2019, reaching an all time high of 26.50 percent in December of 2001 and a record low of -1.40 percent in April of 2014. This page provides - Montenegro Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Rate in Montenegro is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Montenegro to stand at 1.50 in 12 months time. In the long-term, the Montenegro Inflation Rate is projected to trend around 1.70 percent in 2021, according to our econometric models.


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Montenegro Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.50 26.50 -1.40 2001 - 2019 percent Monthly
2009=100


Calendar GMT Actual Previous Consensus TEForecast
2019-10-15 09:00 AM Inflation Rate YoY Sep -0.2% -0.2% -0.6%
2019-11-15 10:00 AM Inflation Rate YoY Oct 0.5% -0.2% -0.1%
2019-12-17 10:00 AM Inflation Rate YoY Nov 0.5% 0.5% 0.6%
2020-01-16 10:30 AM Inflation Rate YoY Dec 1% 0.5% 1.3%
2020-02-27 09:00 AM Inflation Rate YoY Jan 1%
2020-03-16 10:00 AM Inflation Rate YoY Feb
2020-04-16 09:00 AM Inflation Rate YoY Mar 1.1%
2020-05-15 09:00 AM Inflation Rate YoY Apr


News Stream
Montenegro Inflation Rate Rises to 1-Year High
The annual inflation rate in Montenegro rose to 1 percent in December 2019 from 0.5 percent in the previous month. It was the highest inflation rate in a year, as cost of transport rebounded (2.4 percent from -1.4 percent in November) and prices advanced further for food & non-alcoholic beverages (3.2 percent from 2.9 percent) and furniture & household equipment (1 percent from 0.6 percent). Also, cost of clothing & footwear dropped at a softer pace (-2.4 percent from -3.4 percent). In contrast, prices slowed for miscellaneous goods & services (1 percent from 1.1 percent); health (0.1 percent from 0.3 percent); and alcoholic beverages & tobacco (0.1 percent from 0.2 percent). Additionally, prices of housing & utilities continued to fall (-0.5 percent, the same as in November). On a monthly basis, consumer prices declined 0.1 percent, after increasing 0.1 percent in the prior month. Considering 2019 as a whole, the inflation rate was at 0.4 percent.
2020-01-16
Montenegro Inflation Rate Steady at 0.5% in November
The annual inflation rate in Montenegro stood at 0.5 percent in November of 2019, unchanged from the previous month. Cost slowed for food & non-alcoholic beverages (2.9 percent vs 3.3 percent in October); restaurants & hotels (1.3 percent vs 2.9 percent); miscellaneous goods & services (1.1 percent vs 1.3 percent) and alcoholic beverages & tobacco (0.2 percent vs 0.3 percent). Meantime, prices dropped less for housing & utilities (-0.5 percent vs -0.9 percent); transport (-1.4 percent vs -2.0 percent) and clothing & footwear (-3.4 percent vs -4.0 percent) while cost advanced faster for furniture & household equipment (0.6 percent vs 0.4 percent) and health (0.3 percent vs 0.2 percent). On a monthly basis, consumer prices rose 0.1 percent, following a 0.5 percent gain in the previous month.
2019-12-17
Montenegro Consumer Prices Rebound in October
Montenegro's consumer prices increased 0.5 percent from a year earlier in October, following a 0.2 percent drop in the previous month. It was the first rise in consumer prices since May, driven by prices of food & non-alcoholic beverages (3.3 percent vs 3.1 percent in September) and restaurants & hotels (2.9 percent vs -0.3 percent). Meanwhile, cost continued to fall for transport (-2 percent vs -2.4 percent); housing & utilities (-0.9 percent vs -0.8 percent); clothing & footwear (-4 percent vs -8.8 percent); communication (-1.1 percent, the same pace as in September) and recreation & culture (-0.8 percent vs -1 percent). On a monthly basis, consumer prices went up 0.5 percent, after increasing 0.1 percent in the preceding month.
2019-11-15
Montenegro Consumer Prices Fall for 4th Month
Montenegro's consumer prices fell 0.2 percent from a year earlier in September 2019, the same as in the previous month. It was the fourth straight month of deflation, as cost fell for housing & utilities (-0.8 percent vs 0.8 percent); transport (-2.4 percent vs -1.6 percent in August) and clothing & footwear (-8.8 percent vs -6.9 percent) while prices slowed for furniture & household equipment (0.6 percent vs 1.0 percent) and miscellaneous goods & services (1.2 percent vs 1.4 percent). On the other hand, food & non-alcoholic beverages prices advanced faster (3.1 percent vs 2.7 percent) while health cost rebounded (0.2 percent vs -0.5 percent). On a monthly basis, consumer prices increased 0.1 percent, the same as in August.
2019-10-15

Montenegro Inflation Rate
In Montenegro, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (34 percent of total weight). Housing and Utilities accounts for 15 percent; Transport for 11 percent; Clothing and Footwear for 9 percent; Communication for 5 percent; and Restaurants and Hotels for 5 percent. Furniture, Household Goods and Maintenance; Health; Alcoholic beverages and Tobacco; Recreation and Culture; Miscellaneous Goods and Services and Education account for the remaining 21 percent of total weight.