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. source: Statistical Office of Montenegro

Inflation Rate in Montenegro decreased to 4 percent in December from 4.20 percent in November of 2025. Inflation Rate in Montenegro averaged 4.63 percent from 2001 until 2025, 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 February of 2026.

Inflation Rate in Montenegro decreased to 4 percent in December from 4.20 percent in November of 2025. Inflation Rate in Montenegro is expected to be 3.60 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
2025-12-12 10:00 AM
Inflation Rate YoY
Nov 4.2% 4.8% 4.9%
2026-01-15 10:00 AM
Inflation Rate YoY
Dec 4% 4.2% 4.0%
2026-02-20 10:00 AM
Inflation Rate YoY
Jan 4% 4.1%


Related Last Previous Unit Reference
Consumer Price Index CPI 142.20 142.60 points Dec 2025
CPI Housing Utilities 143.20 142.90 points Dec 2025
CPI Transportation 128.40 128.80 points Dec 2025
Export Prices 193.30 193.80 points Dec 2025
Food Inflation 4.20 3.90 percent Dec 2025
Harmonised Consumer Prices 100.07 100.40 points Dec 2025
Harmonised Inflation Rate YoY 3.70 3.90 percent Dec 2025
Inflation Rate YoY 4.00 4.20 percent Dec 2025
Inflation Rate MoM -0.30 -0.40 percent Dec 2025
Producer Prices 101.90 101.20 points Dec 2025
PPI YoY 0.50 -0.40 percent Dec 2025


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
4.00 4.20 26.50 -1.40 2001 - 2025 percent Monthly
2009=100

News Stream
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
Montenegro Inflation Rate Eases to 5-Month Low
Montenegro’s annual inflation rate eased to 4.2% in November 2025, from 4.8% in the previous month. It marked the lowest reading since June, as prices moderated for food and non-alcoholic beverages (3.9% vs 6% in October), furnishing, household equipment and routine household maintenance (3.3% vs 4.3%), alcoholic beverages and tobacco (6% vs 6.1%), restaurants and hotels (5.8% vs 6.4%), and miscellaneous goods and services (3.1% vs 3.5%). In contrast, prices rose at a faster pace for transport (3.3% vs 2.5%) and recreation and culture (7.6% vs 7.2%), while deflation softened for clothing and footwear (-2.7% vs -4.1%). Prices remained steady for housing and utilities (7.4%), health (13.1%), communication (-0.7%), and education (0%). On a monthly basis, consumer prices fell 0.4% in November, slipping further from a 0.2% decline in the previous month. Meanwhile, annual harmonized inflation rate slowed to 3.9%, from 4.6% in October.
2025-12-12
Montenegro Inflation Rate Ticks Lower
The annual inflation rate in Montenegro ticked down to 4.8% in October 2025 from a sixteen-month high of 4.9% in the previous month. Prices moderated for food and non-alcoholic beverages (6% vs 6.6% in September), furnishings, household equipment, and routine household maintenance (4.3% vs 5.1%), health (13.1% vs 13.4%), and recreation and culture (7.2% vs 7.7%). Moreover, prices were stable for alcoholic beverages and tobacco (6.1%) and education (0%). On the other hand, costs increased at a faster pace for transport (2.5% vs 1.8%), housing and utilities (7.4% vs 7.3%), restaurants and hotels (6.4% vs 6.2%), and miscellaneous goods and services (3.5% vs 3.4%). Additionally, deflation softened for clothing and footwear (-4.1% vs -4.7%). On a monthly basis, prices fell 0.2%, slipping further from a 0.1% drop in September. Meanwhile, the annual harmonized inflation rate edged down to 4.6% from 4.7% in the previous month, marking its lowest reading since June.
2025-11-12