Montenegro's consumer prices fell 0.2 percent from a year earlier in August 2019, following a 0.4 percent decline in the previous month. Cost dropped less for transport (-1.6 percent compared to -2 percent in July); clothing & footwear (-6.9 percent compared to -8.9 percent); restaurants & hotels (-2 percent compared to -2.1 percent); and health (-0.5 percent compared to -0.7 percent). Also, prices went up further for furnishings & household equipment (1 percent compared to 0.5 percent); and miscellaneous goods & services (1.4 percent compared to 1.2 percent). On the other hand, prices of housing & utilities slowed (0.8 percent compared to 1.8 percent) and cost of communication decreased at a faster pace (-1.1 percent compared to -1 percent). Additionally, inflation was steady for food & non-alcoholic beverages (at 2.7 percent). On a monthly basis, consumer prices increased 0.1 percent, rebounding from a 0.1 percent decline in the prior month. Inflation Rate in Montenegro averaged 4.52 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.
Inflation Rate in Montenegro is expected to be -0.60 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 1.00 in 12 months time. In the long-term, the Montenegro Inflation Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.