Consumer prices in Montenegro decreased 1 percent year-on-year in May of 2020, following a 0.9 percent drop in the previous month. It was the biggest decline in consumer prices since June 2016, as prices fell for housing & utilities (-2 percent, the same as in April); transport (-11.2 percent vs -10.4 percent); communication (-0.4 percent vs -0.5 percent); restaurant & hotels (-0.5 percent vs 1 percent) and furniture & household goods (-1.3 percent vs -1 percent). Meantime, inflation was steady for food & non-alcoholic beverages (at 1.3 percent) while prices rebounded for clothing & footwear (0.1 percent vs -0.1 percent). On a monthly basis, consumer prices went up 0.1 percent, after a 0.7 percent decrease in April.
Inflation Rate in Montenegro averaged 4.36 percent from 2001 until 2020, 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. Montenegro Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Inflation Rate in Montenegro is expected to be -0.70 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 1.60 percent in 2021 and 1.70 percent in 2022, according to our econometric models.