Harmonised Inflation Rate YoY in Montenegro decreased to 2.60 percent in January from 3.70 percent in December of 2025. Harmonised Inflation Rate YoY in Montenegro averaged 3.10 percent from 2011 until 2026, reaching an all time high of 15.80 percent in November of 2022 and a record low of -1.60 percent in July of 2020. source: Statistical Office of Montenegro



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-15 10:00 AM
Harmonised Inflation Rate YoY
Dec 3.7% 3.9% 3.8%
2026-02-20 10:00 AM
Harmonised Inflation Rate YoY
Jan 2.6% 3.7% 3.8%
2026-03-13 10:00 AM
Harmonised Inflation Rate YoY
Feb


Related Last Previous Unit Reference
Consumer Price Index CPI 100.50 100.50 points Jan 2026
CPI Housing Utilities 102.30 102.30 points Jan 2026
CPI Transportation 98.60 100.70 points Jan 2026
Export Prices 193.30 193.80 points Dec 2025
Food Inflation 2.90 4.20 percent Jan 2026
Harmonised Consumer Prices 100.20 100.07 points Jan 2026
Harmonised Inflation Rate YoY 2.60 3.70 percent Jan 2026
Inflation Rate YoY 2.90 4.00 percent Jan 2026
Inflation Rate MoM 0.10 -0.30 percent Jan 2026
Producer Prices 101.90 101.20 points Dec 2025
PPI YoY 0.50 -0.40 percent Dec 2025


Montenegro Harmonised Inflation Rate YoY
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term.
Actual Previous Highest Lowest Dates Unit Frequency
2.60 3.70 15.80 -1.60 2011 - 2026 percent Monthly
NSA