Consumer prices in Montenegro fell 0.1 percent year-on-year in June 2019, after a 0.7 percent gain in May. It was the first decline in consumer prices since September 2016, as cost of transport dropped (-2.6 percent vs 0.5 percent in May) and decreased further for clothing & footwear (-7.9 percent vs -6.7 percent) and health (-0.5 percent vs -0.4 percent). In addition, prices slowed for food & alcoholic beverages (3.2 percent vs 4.1 percent) and housing & utilities (1.5 percent vs 2.8 percent). Meanwhile, cost rebounded for furniture & household equipment (0.1 percent vs -0.1 percent) and restaurants & hotels rebounded (0.2 percent vs -0.6 percent). Also, prices went down less for communication (-0.9 percent vs -1 percent) and alcoholic beverages & tobacco (-6.8 percent vs -6.9 percent) while inflation was steady for miscellaneous goods & services (1 percent, the same as in May). On a monthly basis, consumer prices decreased 0.7 percent, following a 0.2 percent gain in May. Inflation Rate in Montenegro averaged 4.56 percent from 2001 until 2019, 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.

Inflation Rate in Montenegro is expected to be 1.50 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 1.90 percent in 2020, according to our econometric models.

Montenegro Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-16 09:00 AM Inflation Rate YoY Mar 0.8% 0.4% 0.4%
2019-05-15 09:00 AM Inflation Rate YoY Apr 0.9% 0.8% 0.9%
2019-06-14 09:40 AM Inflation Rate YoY May 0.7% 0.9% 0.9%
2019-07-12 09:00 AM Inflation Rate YoY Jun -0.1% 0.7% 0.8%
2019-08-15 09:00 AM Inflation Rate YoY Jul -0.1%
2019-09-17 09:00 AM Inflation Rate YoY Aug 0.8%
2019-10-15 09:00 AM Inflation Rate YoY Sep 1.5%


Montenegro Prices Last Previous Highest Lowest Unit
Inflation Rate -0.10 0.70 26.50 -1.40 percent [+]
Inflation Rate Mom -0.70 0.20 5.00 -1.10 percent [+]
Consumer Price Index CPI 104.90 105.60 105.60 89.80 Index Points [+]
Producer Prices 170.60 168.40 170.60 93.20 Index Points [+]
Harmonised Consumer Prices 106.40 106.60 107.20 89.90 Index Points [+]
Producer Prices Change 2.90 1.90 19.70 -9.90 percent [+]
Food Inflation 3.20 4.10 8.70 -3.60 percent [+]
Export Prices 134.20 135.10 140.90 88.00 Index Points [+]
Cpi Housing Utilities 102.70 104.40 105.00 84.78 Index Points [+]
Cpi Transportation 106.90 108.00 109.90 92.63 Index Points [+]


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. This page provides - Montenegro Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Inflation Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 0.70 26.50 -1.40 2001 - 2019 percent Monthly
2009=100




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 Jun/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.40 Jun/19
Singapore 0.60 Jun/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


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