Montenegro's consumer prices fell 0.2 percent from a year earlier in August 2019, following a 0.4 percent decline in the previous month. Cost dropped less for transport (-1.6 percent compared to -2 percent in July); clothing & footwear (-6.9 percent compared to -8.9 percent); restaurants & hotels (-2 percent compared to -2.1 percent); and health (-0.5 percent compared to -0.7 percent). Also, prices went up further for furnishings & household equipment (1 percent compared to 0.5 percent); and miscellaneous goods & services (1.4 percent compared to 1.2 percent). On the other hand, prices of housing & utilities slowed (0.8 percent compared to 1.8 percent) and cost of communication decreased at a faster pace (-1.1 percent compared to -1 percent). Additionally, inflation was steady for food & non-alcoholic beverages (at 2.7 percent). On a monthly basis, consumer prices increased 0.1 percent, rebounding from a 0.1 percent decline in the prior month. Inflation Rate in Montenegro averaged 4.52 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 -0.60 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 1.00 in 12 months time. In the long-term, the Montenegro Inflation Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.

Montenegro Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-14 09:40 AM Inflation Rate YoY May 0.7% 0.9% 0.9%
2019-07-12 09:00 AM Inflation Rate YoY Jun -0.1% 0.7% 0.8%
2019-08-15 09:00 AM Inflation Rate YoY Jul -0.4% -0.1% -0.1%
2019-09-17 09:00 AM Inflation Rate YoY Aug -0.2% -0.4% -0.8%
2019-10-15 09:00 AM Inflation Rate YoY Sep -0.2% -0.6%
2019-11-15 10:00 AM Inflation Rate YoY Oct -0.2%
2019-12-17 10:00 AM Inflation Rate YoY Nov 0.3%


Montenegro Prices Last Previous Highest Lowest Unit
Inflation Rate -0.20 -0.40 26.50 -1.40 percent [+]
Inflation Rate Mom 0.10 -0.10 5.00 -1.10 percent [+]
Consumer Price Index CPI 104.90 104.80 105.60 89.80 Index Points [+]
Producer Prices 169.90 170.20 170.60 93.20 Index Points [+]
Harmonised Consumer Prices 106.90 106.70 107.20 89.90 Index Points [+]
Producer Prices Change 2.90 2.90 19.70 -9.90 percent [+]
Food Inflation 2.70 2.70 8.70 -3.60 percent [+]
Export Prices 133.50 133.60 140.90 88.00 Index Points [+]
Cpi Housing Utilities 103.20 102.90 105.00 84.78 Index Points [+]
Cpi Transportation 106.60 106.60 109.90 92.63 Index Points [+]


Montenegro Inflation Rate

In Montenegro, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (34 percent of total weight). Housing and Utilities accounts for 15 percent; Transport for 11 percent; Clothing and Footwear for 9 percent; Communication for 5 percent; and Restaurants and Hotels for 5 percent. Furniture, Household Goods and Maintenance; Health; Alcoholic beverages and Tobacco; Recreation and Culture; Miscellaneous Goods and Services and Education account for the remaining 21 percent of total weight. This page provides - Montenegro Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Inflation Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 -0.40 26.50 -1.40 2001 - 2019 percent Monthly
2009=100




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 2.89 Sep/19
Canada 1.90 Aug/19
China 3.00 Sep/19
Euro Area 0.90 Sep/19
France 0.90 Sep/19
Germany 1.20 Sep/19
India 3.99 Sep/19
Indonesia 3.39 Sep/19
Italy 0.40 Sep/19
Japan 0.30 Aug/19
Mexico 3.00 Sep/19
Netherlands 2.60 Sep/19
Russia 4.00 Sep/19
Saudi Arabia -1.10 Aug/19
Singapore 0.50 Aug/19
South Africa 4.30 Aug/19
South Korea -0.40 Sep/19
Spain 0.10 Sep/19
Switzerland 0.10 Sep/19
Turkey 9.26 Sep/19
United Kingdom 1.70 Aug/19
United States 1.70 Sep/19


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