Producer prices in Montenegro rose 2.9 percent year-on-year in June of 2019, accelerating from a 1.9 percent increase in the previous month. Electricity, gas and water prices advanced 3.8 percent, after showing no growth in May and mining & quarrying inflation climbed to 4.8 percent in June from 4 percent, due to higher prices of coal (5.1 percent from 4.3 percent). On the other hand, cost slowed for manufacturing (1.7 percent from 2.2 percent), namely food (2.7 percent from 2.9 percent); non-metallic minerals (2.5 percent from 4.9 percent); basic metals (1.2 percent from 1.9 percent) and furniture (1.8 percent from 1.9 percent). On a monthly basis, producer prices went up 1.3 percent, after a 1.1 percent fall in May. Producer Prices Change in Montenegro averaged 3.39 percent from 2001 until 2019, reaching an all time high of 19.70 percent in August of 2001 and a record low of -9.90 percent in August of 2009.
Producer Prices Change in Montenegro is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Montenegro to stand at 0.70 in 12 months time. In the long-term, the Montenegro Producer Prices Change is projected to trend around 1.30 percent in 2020, according to our econometric models.