Consumer prices in Montenegro fell 0.9 percent year-on-year in April 2020, following a flat reading in the previous month. It was the biggest decline in consumer prices since June 2016, as cost of transport (-10.4 percent compared to -3.5 percent in March) and housing & utilities (-2 percent compared to -1.5 percent) dropped at a faster pace. In addition, prices of food & non-alcoholic beverages eased (1.3 percent compared to 1.5 percent). On a monthly basis, consumer prices decreased 0.7 percent, after a 0.3 percent fall in the prior month.
Inflation Rate in Montenegro averaged 4.38 percent from 2001 until 2020, 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 May of 2020.
Inflation Rate 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 Inflation Rate in Montenegro to stand at 1.50 in 12 months time. In the long-term, the Montenegro Inflation Rate is projected to trend around 1.70 percent in 2021, according to our econometric models.