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.

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Montenegro Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-09-15 09:00 AM Aug 3.1% 3.1% 2.8%
2021-10-14 09:00 AM Sep 2.9% 3.1% 3%
2021-11-16 10:00 AM Oct 2.9%


News Stream
Montenegro Inflation Eases from 3-Year High
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 & footwear (-5.9 percent vs -1.4 percent in August), while the growth pace eased for restaurants and 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.
2021-10-14
Montenegro Inflation Remains at 3-Year High
Annual inflation in Montenegro came in at 3.1 percent in August of 2021, unchanged from the previous month, and remaining the highest in 3 years. Consumer prices accelerated for restaurants and hotels (10.7 percent vs 9.7 percent in July), food and non-alcoholic beverages (4 percent vs 3.3 percent) and housing and utilities (0.4 percent vs 0 percent), while inflation slowed for transports (8.4 percent vs 8.9 percent) and furnishing (0.1 percent vs 3 percent). On a monthly basis, inflation decreased to 0.1 percent from 0.3 percent in July.
2021-09-15
Montenegro Inflation Rate at 3-Year High
Montenegro’s annual inflation rate rose to 3.1 percent in July of 2021, from 2.4 percent in the previous month. It was the steepest increase in consumer prices since July of 2018, mainly driven by higher cost of food and non-alcoholic beverages (3.3 percent vs 2.8 percent in June) and transports (8.9 percent vs 8.7 percent). Inflationary pressure was also seen in restaurants & hotels (9.5 percent vs 6.5 percent); alcoholic beverages & tobacco (3.2 percent, the same as in the previous month), and furniture & equipment (3.0 percent vs 2.6 percent). Additionally, prices in housing & utilities stabilized after falling in June (0 percent vs -0.5 percent). On a monthly basis, consumer prices edged up 0.3 percent, picking up some momentum from a 0.2 percent increase in the prior month.
2021-08-17

Montenegro Last Unit Reference Previous Highest Lowest
Inflation Rate 2.90 percent Sep/21 3.10 26.50 -1.40
Inflation Rate Mom 0.50 percent Sep/21 0.10 5.00 -1.10
Consumer Price Index CPI 107.71 points Aug/21 107.60 107.71 89.80
Producer Prices 171.40 points Jun/21 172.60 172.60 93.20
Harmonised Consumer Prices 109.30 points Sep/21 109.09 109.30 89.90
Food Inflation 4.80 percent Sep/21 4.00 8.70 -3.60
Cpi Transportation 108.10 points Aug/21 108.30 109.90 92.63
Cpi Housing Utilities 103.30 points Aug/21 102.40 105.00 84.78
Producer Prices Change 1.00 percent Jun/21 2.20 19.70 -9.90
Export Prices 147.80 points Jun/21 143.90 147.80 88.00


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.