Montenegro's annual inflation rate edged lower to 2.6% in February 2026 from 2.9% in the previous month. This marked the lowest reading since March 2025, as prices slowed for housing and utilities (4.1% vs 4.9%), while deflation slightly deepened for transport (-1.2% vs -1.1% in January). Overall inflation was also influenced by moderated price growth in alcoholic beverages and tobacco (4.9% vs 5.7%), furnishings, household equipment, and routine household maintenance (2.5% vs 2.9%), health (8.8% vs 12.6%), recreation and culture (1.7% vs 2.4%), and personal care, social protection, and miscellaneous goods and services (2.8% vs 3%). Meanwhile, prices were stable for food and non-alcoholic beverages (2.9%), information and communication (0.3%), education (0%), and insurance and financial services (2.7%). On a monthly basis, consumer prices slightly rose to 0.2% from 0.1% in January. The annual harmonized inflation rate stood at 2.6% in February, unchanged from the previous month. source: Statistical Office of Montenegro

Inflation Rate in Montenegro decreased to 2.60 percent in February from 2.90 percent in January of 2026. Inflation Rate in Montenegro averaged 4.61 percent from 2001 until 2026, 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 March of 2026.

Inflation Rate in Montenegro decreased to 2.60 percent in February from 2.90 percent in January of 2026. Inflation Rate in Montenegro is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro Inflation Rate is projected to trend around 2.10 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-20 10:00 AM
Inflation Rate YoY
Jan 2.9% 4% 4.1%
2026-03-13 10:00 AM
Inflation Rate YoY
Feb 2.6% 2.9% 2.8%
2026-04-14 09:00 AM
Inflation Rate YoY
Mar 2.6% 2.8%


Related Last Previous Unit Reference
Consumer Price Index CPI 100.70 100.50 points Feb 2026
CPI Housing Utilities 102.20 102.30 points Feb 2026
CPI Transportation 100.10 98.60 points Feb 2026
Export Prices 193.30 193.80 points Dec 2025
Food Inflation 2.90 2.90 percent Feb 2026
Harmonised Consumer Prices 100.40 100.20 points Feb 2026
Harmonised Inflation Rate YoY 2.60 2.60 percent Feb 2026
Inflation Rate YoY 2.60 2.90 percent Feb 2026
Inflation Rate MoM 0.20 0.10 percent Feb 2026
Producer Prices 101.60 101.90 points Jan 2026
PPI YoY 2.10 0.50 percent Jan 2026


Montenegro Inflation Rate
In Montenegro, the most important category in the consumer price index is food and non-alcoholic beverages (35 percent of total weight). Housing, water, electricity, gas and other fuels account for 14 percent; transport for 12 percent; clothing and footwear for 9 percent; communication for 5 percent; restaurants and hotels for 5 percent; other goods and services for 4 percent; alcoholic beverages and tobacco for 4 percent; and health for 4 percent. Furniture and household equipment, recreation and culture, and education account for the remaining 9 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.90 26.50 -1.40 2001 - 2026 percent Monthly
2009=100

News Stream
Montenegro Inflation Rate at Near 1-Year Low
Montenegro's annual inflation rate edged lower to 2.6% in February 2026 from 2.9% in the previous month. This marked the lowest reading since March 2025, as prices slowed for housing and utilities (4.1% vs 4.9%), while deflation slightly deepened for transport (-1.2% vs -1.1% in January). Overall inflation was also influenced by moderated price growth in alcoholic beverages and tobacco (4.9% vs 5.7%), furnishings, household equipment, and routine household maintenance (2.5% vs 2.9%), health (8.8% vs 12.6%), recreation and culture (1.7% vs 2.4%), and personal care, social protection, and miscellaneous goods and services (2.8% vs 3%). Meanwhile, prices were stable for food and non-alcoholic beverages (2.9%), information and communication (0.3%), education (0%), and insurance and financial services (2.7%). On a monthly basis, consumer prices slightly rose to 0.2% from 0.1% in January. The annual harmonized inflation rate stood at 2.6% in February, unchanged from the previous month.
2026-03-13
Montenegro Inflation Rate at 10-Month Low
Montenegro's annual inflation rate eased to 2.9% in January 2026, from 4% in December. This marked the lowest reading since March 2025, as prices moderated for food and non-alcoholic beverages (2.9% vs 4.2% in December), housing and utilities (4.9% vs 7.4%), furnishings, household equipment, and routine household maintenance (2.9% vs 3.2%), health (12.6% vs 13.6%), and recreation, sports, and culture (2.4% vs 5%). In addition, costs fell for transport (-1.1% vs 1.5%). Conversely, costs increased at a faster pace for alcoholic beverages and tobacco (5.7% vs. 5.2%) and restaurants and accommodation services (5.5% vs. 5.4%), while remaining unchanged for clothing and footwear (-2.2%) and education (0%). On a monthly basis, consumer prices rose 0.1%, recovering from a 0.3% fall in December. Meanwhile, the annual harmonized inflation rate slowed to 2.6% from 3.7%.
2026-02-20
Montenegro Inflation Rate Hits 7-Month Low
Montenegro's annual inflation rate edged down to 4% in December 2025 from 4.2% in the previous month. It marked the lowest reading since May, as prices moderated for transport (1.5% vs 3.3% in November), alcoholic beverages and tobacco (5.2% vs 6%), furnishings, household equipment and routine household maintenance (3.2% vs 3.3%), recreation and culture (5% vs 7.6%), and restaurants and hotels (5.4% vs 5.8%). Moreover, deflation slightly deepened for communication (-0.8% vs -0.7%). Meanwhile, costs increased at a faster pace for food and non-alcoholic beverages (4.2% vs 3.9%) and health (13.6% vs 13.1%), while costs were stable for housing and utilities (7.4%) and education (0%). In addition, deflation softened for clothing and footwear (-2.2% vs -2.7%). On a monthly basis, consumer prices fell 0.3% in December, slightly slowing from a 0.4% decrease in the previous month. Meanwhile, the annual harmonized inflation rate ticked lower to 3.7%, from 3.9% in November.
2026-01-15