Montenegro Inflation Rate at 4-Month High

The annual inflation rate in Montenegro rose to 3.8% in April 2026 from 3.1% in the previous month, marking its highest level since December 2025. Prices continued to rise for alcoholic beverages and tobacco (5.9% vs 4.7% in March), transport (12.3% vs 4.4%), furnishings, household equipment and routine household maintenance (4.7% vs 4%), and personal care, social protection, and miscellaneous goods and services (3.2% vs 2.8%). In contrast, inflation eased for food and non-alcoholic beverages (2.7% vs 2.8%), housing and utilities (3.3% vs 3.7%), health (2.2% vs 5.4%), recreation, sport, and culture (2.2% vs 2.5%), and restaurants and accommodation services (3.9% vs 4.3%). Meanwhile, costs for information remained unchanged at 0.4%, while education prices remained flat. On a monthly basis, consumer prices rose 1.4% in April, accelerating from 0.8% in March. Additionally, the annual harmonized inflation rate climbed to 3.6% from 2.9% in the prior month.

The annual inflation rate in Montenegro rose to 3.1% in March 2026 from 2.6% in the previous month. Prices increased faster for furnishings, household equipment, and routine household maintenance (4.0% vs 2.5% in February), recreation & culture (2.5% vs 1.7%), information and communication (0.4% vs 0.3%), and insurance and financial services (2.9% vs 2.7%). At the same time, costs rebounded for transport (4.4% vs -1.2%) and clothing & footwear (0.3% vs -0.6%). Meanwhile, inflation moderated for food & non-alcoholic beverages (2.8% vs 2.9%), alcoholic beverages and tobacco (4.7% vs 4.9%), housing, water, electricity, gas & other fuels (3.7% vs 4.1%), health (5.4% vs 8.8%), and restaurants & hotels (4.3% vs 5.4%), while it remained steady for miscellaneous goods and services (at 2.8%). On a monthly basis, consumer prices rose by 0.8% in March from 0.2% in the preceding month. The annual harmonized inflation rate increased to 2.9% from 2.6% in the previous two months.

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.