Producer prices in Montenegro dropped 1 percent over a year earlier in April 2020, after increasing 1.1 percent in the previous month. It was the first decrease in producer prices since January 2018, as cost of mining & quarrying declined (-9.4 percent from 1.3 percent in March) and manufacturing prices continued to fall (-0.6 percent, the same as in March). Meantime, inflation was steady for electricity, gas, steam & air conditioning supply (at 3.8 percent). On a monthly basis, consumer prices went down 0.2 percent, following a 0.1 percent fall in the prior month.
Producer Prices Change in Montenegro averaged 3.33 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 June of 2020.
Producer Prices Change in Montenegro is expected to be 2.00 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.