Montenegro Inflation Rate at Near 1-Year Low

2026-03-13 10:18 By Czyrill Jean Coloma 1 min. read

Montenegro's annual inflation rate edged lower to 2.6% in February 2026 from 2.9% in the previous month.

This marked the lowest reading since March 2025, as prices slowed for housing and utilities (4.1% vs 4.9%), while deflation slightly deepened for transport (-1.2% vs -1.1% in January).

Overall inflation was also influenced by moderated price growth in alcoholic beverages and tobacco (4.9% vs 5.7%), furnishings, household equipment, and routine household maintenance (2.5% vs 2.9%), health (8.8% vs 12.6%), recreation and culture (1.7% vs 2.4%), and personal care, social protection, and miscellaneous goods and services (2.8% vs 3%).

Meanwhile, prices were stable for food and non-alcoholic beverages (2.9%), information and communication (0.3%), education (0%), and insurance and financial services (2.7%).

On a monthly basis, consumer prices slightly rose to 0.2% from 0.1% in January.

The annual harmonized inflation rate stood at 2.6% in February, unchanged from the previous month.



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Montenegro Inflation Rate at Near 1-Year Low
Montenegro's annual inflation rate edged lower to 2.6% in February 2026 from 2.9% in the previous month. This marked the lowest reading since March 2025, as prices slowed for housing and utilities (4.1% vs 4.9%), while deflation slightly deepened for transport (-1.2% vs -1.1% in January). Overall inflation was also influenced by moderated price growth in alcoholic beverages and tobacco (4.9% vs 5.7%), furnishings, household equipment, and routine household maintenance (2.5% vs 2.9%), health (8.8% vs 12.6%), recreation and culture (1.7% vs 2.4%), and personal care, social protection, and miscellaneous goods and services (2.8% vs 3%). Meanwhile, prices were stable for food and non-alcoholic beverages (2.9%), information and communication (0.3%), education (0%), and insurance and financial services (2.7%). On a monthly basis, consumer prices slightly rose to 0.2% from 0.1% in January. The annual harmonized inflation rate stood at 2.6% in February, unchanged from the previous month.
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Montenegro Inflation Rate at 10-Month Low
Montenegro's annual inflation rate eased to 2.9% in January 2026, from 4% in December. This marked the lowest reading since March 2025, as prices moderated for food and non-alcoholic beverages (2.9% vs 4.2% in December), housing and utilities (4.9% vs 7.4%), furnishings, household equipment, and routine household maintenance (2.9% vs 3.2%), health (12.6% vs 13.6%), and recreation, sports, and culture (2.4% vs 5%). In addition, costs fell for transport (-1.1% vs 1.5%). Conversely, costs increased at a faster pace for alcoholic beverages and tobacco (5.7% vs. 5.2%) and restaurants and accommodation services (5.5% vs. 5.4%), while remaining unchanged for clothing and footwear (-2.2%) and education (0%). On a monthly basis, consumer prices rose 0.1%, recovering from a 0.3% fall in December. Meanwhile, the annual harmonized inflation rate slowed to 2.6% from 3.7%.
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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.
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