Annual inflation in Montenegro came in at 2.9 percent in September of 2021, from 3.1 percent the previous month, easing from the recent three-year high. Consumer prices decreased sharply for clothing and footwear (-5.9 percent vs -1.4 percent in August), while the growth pace eased for restaurants & hotels (8.5 percent vs 10.7 percent) and furnishing & household appliances (2.8 percent vs 3.1 percent). Still, prices for transports (8.9 percent vs 8.4 percent) and food & non-alcoholic beverages (4.8 percent vs 4 percent) kept accelerating. On a monthly basis, inflation increased 0.5 percent, after a 0.1 percent increase in August. source: Statistical Office of Montenegro
Inflation Rate in Montenegro averaged 4.13 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 October of 2021.
Inflation Rate in Montenegro is expected to be 3.00 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 2.50 percent in 2022 and 2.20 percent in 2023, according to our econometric models.