The annual inflation rate in Montenegro was unchanged at 1.9 percent in October 2018, the same as in the previous month. It remains the lowest inflation rate since December last year, as prices slowed for food & non-alcoholic beverages (0.3 percent vs 0.7 percent in September) and restaurant & hotels (2.1 percent vs 4.8 percent); and fell further for recreation & culture (-1.3 percent vs -1 percent) and health (-0.6 percent vs -0.5 percent). Meantime, inflation was steady for alcoholic beverages & tobacco (6.5 percent, the same as in the prior month) and communication (1.1 percent); while cost rebounded for clothing & footwear (0.8 percent vs -0.3 percent) and advanced faster for transport (7.9 percent vs 6.4 percent); housing & utilities (1.7 percent vs 1.6 percent) and miscellaneous goods & services (1.2 percent vs 1.1 percent). On a monthly basis, consumer prices edged down 0.2 percent, following a 0.1 percent gain in September. Inflation Rate in Montenegro averaged 4.70 percent from 2001 until 2018, 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 2.50 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 2.90 in 12 months time. In the long-term, the Montenegro Inflation Rate is projected to trend around 2.70 percent in 2020, according to our econometric models.


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Montenegro Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-10 09:00 AM Inflation Rate YoY 3.4% 3.4% 3.3%
2018-09-11 09:00 AM Inflation Rate YoY 2.8% 3.4% 3.2%
2018-10-10 09:20 AM Inflation Rate YoY 1.9% 2.8% 3.0%
2018-11-13 10:00 AM Inflation Rate YoY 1.9% 1.9% 2.7%
2018-12-11 10:00 AM Inflation Rate YoY 1.9% 2.6%


Montenegro Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.90 26.50 -1.40 percent [+]
Inflation Rate Mom -0.20 0.10 5.00 -1.10 percent [+]
Consumer Price Index CPI 105.00 105.20 105.20 89.80 Index Points [+]
Producer Prices 165.20 164.70 167.40 93.20 Index Points [+]
Harmonised Consumer Prices 105.40 106.10 107.20 89.90 Index Points [+]
Producer Prices Change 2.40 1.80 19.70 -9.90 percent [+]
Food Inflation 0.30 0.70 8.70 -3.60 percent [+]
Export Prices 133.70 135.90 140.90 88.00 Index Points [+]
Cpi Housing Utilities 104.20 104.20 104.20 84.78 Index Points [+]
Cpi Transportation 109.90 108.70 109.90 92.63 Index Points [+]


Montenegro Inflation Rate

In Montenegro, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (35.2 percent of total weight). Housing and Utilities accounts for 15.5 percent; Transport for 10.7 percent; Clothing and Footwear for 8.5 percent; Communication for 5 percent and Miscellaneous Goods and Services for 4.7 percent. Furniture, Household Goods and Maintenance; Health; Alcoholic beverages and Tobacco; Recreation and Culture; Restaurants and Hotels and Education account for the remaining 20.4 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.90 26.50 -1.40 2001 - 2018 percent Monthly
2009=100




Country Last
Argentina 45.50 Oct/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.40 Oct/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 5.10 Oct/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


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