The annual inflation rate in Montenegro rose to 0.9 percent in April 2019 from 0.8 percent in the previous month. Prices advanced further for food & alcoholic beverages (3.9 percent from 3.5 percent in March); housing & utilities (2.6 percent from 2.2 percent); transport (1.7 percent from 0.9 percent); miscellaneous goods & services (1 percent from 0.9 percent); and restaurants & hotels (0.5 percent from 0.4 percent). Also, cost of furniture & household equipment fell less (-0.5 percent from -0.8 percent). Meanwhile, prices dropped at a faster pace for clothing & footwear (-6 percent from -3.7 percent) and health (-0.4 percent from -0.3 percent). In addition, cost continued to fall for communication (-1.1 percent, the same as in March) and alcoholic beverages & tobacco (-6.7 percent). On a monthly basis, consumer prices went up 0.1 percent, easing from a 0.6 percent gain in March. Inflation Rate in Montenegro averaged 4.60 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 0.80 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 1.70 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.