Consumer prices in Montenegro declined 0.1 percent year-on-year in February of 2021, after falling 0.7 percent in the prior month. Prices declined mostly for transport (-3.7 percent); clothing & footwear (-3.8 percent) and restaurants & hotels (-2.1 percent). Meanwhile upward pressure came from food and non-alcoholic beverages (1.5 percent); alcoholic beverages and tobacco (3.1 percent) and health services (1.7 percent). On the other hand, prices of housing utilities remained flat. On a monthly basis, consumer prices went up 0.5 percent, following a 0.3 percent increase in the previous month. source: Statistical Office of Montenegro

Inflation Rate in Montenegro averaged 4.18 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 April of 2021.

Inflation Rate in Montenegro is expected to be 0.20 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 1.70 percent in 2022 and 1.80 percent in 2023, according to our econometric models.

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Montenegro Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -0.70 26.50 -1.40 2001 - 2021 percent Monthly
2009=100


Calendar GMT Actual Previous Consensus TEForecast
2020-12-15 10:00 AM Nov -1% -0.6% -0.6%
2021-01-19 10:00 AM Dec -0.9% -1% -0.8%
2021-02-24 10:00 AM Jan -0.7% -0.9% -0.5%
2021-03-16 10:00 AM Feb -0.1% -0.7% -0.2%
2021-04-15 09:00 AM Mar -0.1% 0.2%
2021-05-18 09:00 AM Apr
2021-06-15 09:00 AM May
2021-07-15 09:00 AM Jun


News Stream
Montenegro Consumer Prices Fall for 5th Straight Month
Consumer prices in Montenegro declined 0.1 percent year-on-year in February of 2021, after falling 0.7 percent in the prior month. Prices declined mostly for transport (-3.7 percent); clothing & footwear (-3.8 percent) and restaurants & hotels (-2.1 percent). Meanwhile upward pressure came from food and non-alcoholic beverages (1.5 percent); alcoholic beverages and tobacco (3.1 percent) and health services (1.7 percent). On the other hand, prices of housing utilities remained flat. On a monthly basis, consumer prices went up 0.5 percent, following a 0.3 percent increase in the previous month.
2021-03-16
Montenegro Deflation Slows
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.
2021-01-19
Montenegro Deflation Deepens in November
Consumer prices in Montenegro decreased 1 percent year-on-year in November of 2020, after falling 0.6 percent in the prior month. Prices declined mostly for transport (-8.5 percent vs -0.4 percent in October), namely fuels & lubricants; clothing & footwear (-3.4 percent vs -1.7 percent), mostly shoes and other footwear; restaurants & hotels (-2.8 percent vs -3.9 percent), such as accommodation services and housing & utilities (-1 percent vs -0.2 percent), especially water supply. At the same time, inflation slowed for food & non-alcoholic beverages (1.2 percent vs 1.7 percent), amid lower costs of vegetables and fruits. On a monthly basis, consumer prices went down 0.3 percent, following a 0.1 percent drop in the previous month.
2020-12-15
Montenegro Consumer Prices Fall 0.6% YoY in October
Consumer prices in Montenegro decreased 0.6 percent year-on-year in October, down from a 0.1 percent increase in September. Cost fell for transport (-0.4 percent); housing & utilities (-0.2 percent); restaurant & hotels (-3.9 percent); clothing & footwear (-1.7 percent); furniture & household goods (-0.7 percent) and miscellaneous goods & services (-0.8 percent). On the other hand, prices rose for food & non-alcoholic beverages (1.7 percent); alcoholic beverages & tobacco (3 percent); education (0.1 percent) and recreation & culture (0.1 percent). On a monthly basis, consumer prices went down 0.1 percent, after a 0.7 percent rise in September.
2020-11-16

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.