The annual inflation rate in Montenegro edged down to 17.2% in December 2022, the second highest since July 2002 after increasing to 17.5% in the previous month. Main upward pressures came from housing and utilities (16.2% vs 15.5% in November), clothing and footwear (8.3% vs 7.7%) and restaurants & hotels (16.8% vs 15.3%). On the other hand, prices mainly slowed for food & non-alcoholic beverages (28.9% vs 30.2%), transport (12% vs 13.5%) and alcoholic beverages & tobacco (5.7% vs 6%). Meanwhile, the harmonized index rose by 15.7% year-on-year, from 15.8% in November. On a monthly basis, consumer prices inched up by 0.1%, the smallest growth since August 2021. source: Statistical Office of Montenegro
Inflation Rate in Montenegro averaged 4.53 percent from 2001 until 2022, 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 January of 2023.
Inflation Rate in Montenegro is expected to be 12.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro Inflation Rate is projected to trend around 3.50 percent in 2024, according to our econometric models.