Consumer prices in Montenegro fell 0.5 percent year-on-year in August of 2020, the same as in the previous month. It was the fifth consecutive monthly decline in consumer prices. On a monthly basis, consumer prices went up 0.1 percent, after a 0.3 percent fall in July.

Inflation Rate in Montenegro averaged 4.30 percent from 2001 until 2020, 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 September of 2020.

Inflation Rate in Montenegro is expected to be 0.30 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 1.80 in 12 months time. In the long-term, the Montenegro Inflation Rate is projected to trend around 1.60 percent in 2021 and 1.70 percent in 2022, according to our econometric models.

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Montenegro Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 -0.50 26.50 -1.40 2001 - 2020 percent Monthly
2009=100


Calendar GMT Actual Previous Consensus TEForecast
2020-06-15 09:00 AM May -1% -0.9% -1.1%
2020-07-16 09:00 AM Jun -0.2% -1% -0.7%
2020-09-01 09:00 AM Jul -0.5% -0.2% 0.1%
2020-09-15 09:00 AM Aug -0.5% -0.5% -0.7%
2020-10-15 09:00 AM Sep -0.5% 0.3%
2020-11-16 10:00 AM Oct
2020-12-17 10:00 AM Nov


News Stream
Montenegro Consumer Prices Slip for 4th Month
Consumer prices in Montenegro fell 0.5 percent year-on-year in July of 2020, following a 0.2 percent decrease in the previous month. It was the fourth consecutive month of deflation, amid the adverse effects of the ongoing pandemic crisis. Main downward pressure came from prices of transport (-6.7 percent vs -8.4 percent in June); restaurants & hotels (-6.8 percent vs -4.3 percent); furnishings (-1.4 percent, the same pace as in June); recreation & culture (-0.9 percent vs -0.4 percent) and housing & utilities (-0.5 percent vs -0.3 percent). Also, inflation slowed for food & non-alcoholic beverages (1.5 percent vs 1.9 percent) and clothing & footwear (1.2 percent vs 2.8 percent). On a monthly basis, consumer prices dropped 0.3 percent, after increasing 0.1 percent in the prior month.
2020-09-01
Montenegro Deflation Slows in June
Consumer prices in Montenegro fell 0.2 percent year-on-year in June 2020, following a 1 percent decrease in the previous month. Cost dropped less for housing & utilities (-0.3 percent vs -2 percent in May); and transport (-8.4 percent vs -11.2 percent). Additionally, prices rose further for food & non-alcoholic beverages (1.9 percent vs 1.3 percent) and clothing & footwear (2.8 percent vs 0.1 percent). On the other hand, cost declined at a faster pace for communication (-0.6 percent vs -0.4 percent); restaurant & hotels (-4.3 percent vs -0.5 percent) and furniture & household goods (-1.4 percent vs -1.3 percent). On a monthly basis, consumer prices went up 0.1 percent, the same as in the prior month.
2020-07-16
Montenegro Consumer Prices Drop the Most in 4 Years
Consumer prices in Montenegro decreased 1 percent year-on-year in May of 2020, following a 0.9 percent drop in the previous month. It was the biggest decline in consumer prices since June 2016, as prices fell for housing & utilities (-2 percent, the same as in April); transport (-11.2 percent vs -10.4 percent); communication (-0.4 percent vs -0.5 percent); restaurant & hotels (-0.5 percent vs 1 percent) and furniture & household goods (-1.3 percent vs -1 percent). Meantime, inflation was steady for food & non-alcoholic beverages (at 1.3 percent) while prices rebounded for clothing & footwear (0.1 percent vs -0.1 percent). On a monthly basis, consumer prices went up 0.1 percent, after a 0.7 percent decrease in April.
2020-06-15
Montenegro Consumer Prices Fall the Most in Nearly 4 Years
Consumer prices in Montenegro fell 0.9 percent year-on-year in April 2020, following a flat reading in the previous month. It was the biggest decline in consumer prices since June 2016, as cost of transport (-10.4 percent compared to -3.5 percent in March) and housing & utilities (-2 percent compared to -1.5 percent) dropped at a faster pace. In addition, prices of food & non-alcoholic beverages eased (1.3 percent compared to 1.5 percent). On a monthly basis, consumer prices decreased 0.7 percent, after a 0.3 percent fall in the prior month.
2020-05-15

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.