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.

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Montenegro Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 0.00 26.50 -1.40 2001 - 2020 percent Monthly
2009=100


Calendar GMT Actual Previous Consensus TEForecast
2020-02-25 10:00 AM Inflation Rate YoY Jan 1.5% 1% 1.3%
2020-03-16 10:30 AM Inflation Rate YoY Feb 0.9% 1.5% 1.3%
2020-04-16 09:00 AM Inflation Rate YoY Mar 0% 0.9% 0.6%
2020-05-15 09:00 AM Inflation Rate YoY Apr -0.9% 0% -0.3%
2020-06-15 09:00 AM Inflation Rate YoY May -0.9%
2020-07-13 09:00 AM Inflation Rate YoY Jun 1%
2020-08-14 09:00 AM Inflation Rate YoY Jul
2020-09-17 09:00 AM Inflation Rate YoY Aug


News Stream
Montenegro Consumer Prices Fall the Most in Nearly 4 Years
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.
2020-05-15
Montenegro Consumer Prices Flat in March
Consumer prices in Montenegro were unchanged from the previous year in March of 2020, after a 0.9 percent in increase in February. Prices slowed for food & non-alcoholic beverages (1.5 percent vs 2.1 percent in February) while cost fell for both transport (-3.5 percent vs 1.5 percent) and housing & utilities (-1.5 percent vs -0.6 percent). On a monthly basis, consumer prices went down 0.3 percent, following a 0.1 percent decrease in the previous month.
2020-04-16
Montenegro Inflation Rate Rises to 13-Month High
The annual inflation rate in Montenegro rose to 1.5 percent in January 2020 from 1 percent in the previous month. It was the highest inflation rate since December 2018, as prices increased further in transport (3.8 percent vs 2.4 percent in December); and alcoholic beverages & tobacco (1 percent vs 0.1 percent). In addition, cost of clothing & footwear rebounded (1.1 percent vs -2.4 percent). Also, prices fell less for housing & utilities (-0.1 percent vs -0.5 percent); and recreation & culture (-0.5 percent vs -1.1 percent). On the other hand, cost slowed for food & non-alcoholic beverages (2.7 percent vs 3.2 percent); furniture & household equipment (0.8 percent vs 1 percent); miscellaneous goods & services (0.4 percent vs 1 percent); and health (a flat reading vs 0.1 percent). On a monthly basis, consumer prices went up 0.1 percent, after declining 0.1 percent in the prior month.
2020-02-25
Montenegro Inflation Rate Rises to 1-Year High
The annual inflation rate in Montenegro rose to 1 percent in December 2019 from 0.5 percent in the previous month. It was the highest inflation rate in a year, as cost of transport rebounded (2.4 percent from -1.4 percent in November) and prices advanced further for food & non-alcoholic beverages (3.2 percent from 2.9 percent) and furniture & household equipment (1 percent from 0.6 percent). Also, cost of clothing & footwear dropped at a softer pace (-2.4 percent from -3.4 percent). In contrast, prices slowed for miscellaneous goods & services (1 percent from 1.1 percent); health (0.1 percent from 0.3 percent); and alcoholic beverages & tobacco (0.1 percent from 0.2 percent). Additionally, prices of housing & utilities continued to fall (-0.5 percent, the same as in November). On a monthly basis, consumer prices declined 0.1 percent, after increasing 0.1 percent in the prior month. Considering 2019 as a whole, the inflation rate was at 0.4 percent.
2020-01-16

Montenegro Inflation Rate
In Montenegro, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (34 percent of total weight). Housing and Utilities accounts for 15 percent; Transport for 11 percent; Clothing and Footwear for 9 percent; Communication for 5 percent; and Restaurants and Hotels for 5 percent. Furniture, Household Goods and Maintenance; Health; Alcoholic beverages and Tobacco; Recreation and Culture; Miscellaneous Goods and Services and Education account for the remaining 21 percent of total weight.