Consumer prices in Montenegro increased 0.8 percent year-on-year in March of 2021, reversing from a 0.1 percent drop in the month prior. It was the first increase in the CPI since last September and the highest rate since February, as prices rebounded for transport (1.7 percent vs -3.7 percent in February) and housing & utilities (0.8 percent vs 0.0 percent) and food inflation quickened (1.7 percent vs 1.5 percent). In addition, prices declined at a slower pace for clothing & footwear (-2.3 percent vs -3.8 percent), restaurants & hotels (-1.5 percent vs -2.1 percent), and communications (-0.2 percent vs -0.3 percent). On a monthly basis, consumer prices rose by 0.6 percent, following a 0.5 percent increase in the previous month. source: Statistical Office of Montenegro
Inflation Rate in Montenegro averaged 4.16 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 May of 2021.
Inflation Rate in Montenegro is expected to be 0.90 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 1.40 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.