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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