Producer prices in Montenegro rose 3.3 percent year-on-year in April 2019, following a 1.2 percent gain in the previous month. It was the highest producer inflation rate since May 2013, as prices went up further for mining & quarrying (12.1 percent compared to 1.2 percent in March) and manufacturing (2.1 percent compared to 2 percent). On the other hand, cost of electricity, gas & water supply was unchanged for the second consecutive month. On a monthly basis, producer prices increased 1.9 percent, rebounding from a 0.2 percent fall in the prior month. Producer Prices Change in Montenegro averaged 3.40 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 1.00 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 1.10 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.