The annual inflation rate in Montenegro came in at 2.4 percent in June of 2021, unchanged from the previous month which was the highest level since August 2018. Inflation for food and non-alcoholic beverages was unchanged (at 2.8 percent) while softened for transport (8.7 percent vs 10.2 percent in May). Meantime, inflation rose for alcoholic beverages & tobacco (3.2 percent vs 2.9 percent), restaurants & hotels (6.5 percent vs 2.0 percent), health (1.1 percent vs 0.7 percent) and furniture & equipment (2.6 percent vs 2.4 percent). In contrast, deflationary pressure quickened for housing & utilities (-0.5 percent vs 0.1 percent). On a monthly basis, consumer prices picked up 0.2 percent, slowing from 0.3 percent increase in the prior month. source: Statistical Office of Montenegro
Inflation Rate in Montenegro averaged 4.14 percent from 2001 until 2021, 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 2021.
Inflation Rate in Montenegro is expected to be 2.70 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 2.50 in 12 months time. In the long-term, the Montenegro Inflation Rate is projected to trend around 2.50 percent in 2022 and 2.20 percent in 2023, according to our econometric models.