Montenegro's producer prices fell 0.9 percent over a year earlier in September of 2020, following a 0.1 percent decrease in the previous month. It was the largest decline in producer prices in five months, as cost of mining dropped (-1.3 percent from 1.9 percent in August). Also, prices of manufacturing went down further (-1.3 percent from -0.1 percent). Meantime, cost of electricity, gas and water supply prices remained flat. On a monthly basis, producer prices declined 0.6 percent, after rising 0.2 percent in the prior month.
Producer Prices Change in Montenegro averaged 3.25 percent from 2001 until 2020, reaching an all time high of 19.70 percent in August of 2001 and a record low of -9.90 percent in August of 2009. This page provides - Montenegro Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Producer Prices Change in Montenegro is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Montenegro to stand at 1.00 in 12 months time. In the long-term, the Montenegro Producer Prices Change is projected to trend around 1.30 percent in 2021, according to our econometric models.