Producer prices in Montenegro rose 2.3 percent year-on-year in December of 2019, unchanged from the previous month. It remained the lowest producer inflation in seven months, as manufacturing cost slowed (0.1 percent vs 0.3 percent in November) while inflation was steady for electricity, gas & water (at 3.8 percent). Meanwhile, mining & quarrying prices advanced faster (6.1 percent vs 5.0 percent). On a monthly basis, producer prices went down 0.1 percent, after decreasing 0.2 percent in the previous month.
Producer Prices Change in Montenegro averaged 3.37 percent from 2001 until 2019, 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.
Producer Prices Change in Montenegro is expected to be 2.50 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 2020, according to our econometric models.