Consumer prices in Montenegro decreased 0.9 percent year-on-year in December of 2020, after falling 1 percent in the prior month. Prices declined mostly for transport (-7.8 percent vs -8.5 percent in November), namely fuels & lubricants; clothing & footwear (-2.2 percent vs -3.4 percent), mostly garments; housing & utilities (-1.1 percent vs -1 percent), especially solid fuels; and restaurants & hotels (-2.8 percent vs -2.8 percent) mainly accommodation services. At the same time, inflation slowed for food & non-alcoholic beverages (1 percent vs 1.2 percent), amid lower costs of meat, fruits, and vegetables. On a monthly basis, consumer prices went up 0.1 percent, following a 0.3 percent drop in the previous month. source: Statistical Office of Montenegro
Inflation Rate in Montenegro averaged 4.21 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 January of 2021.
Inflation Rate in Montenegro is expected to be -0.60 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 1.60 in 12 months time. In the long-term, the Montenegro Inflation Rate is projected to trend around 1.60 percent in 2022 and 1.70 percent in 2023, according to our econometric models.