Producer prices in Montenegro decreased 0.7 percent year-on-year in December 2020, following a 0.6 percent drop in the previous month. It was the seventh consecutive month of falls in producer prices. Cost fell at a faster pace for manufacturing (-0.3 percent vs -0.1 percent in November) and at a softer pace for mining & quarrying (-2.7 percent vs -2.9 percent). Meantime, prices of electricity, gas and water supply showed no growth, the same as in previous months. On a monthly basis, producer prices were down 0.1 percent, after a 0.4 percent fall in November. source: Statistical Office of Montenegro
Producer Prices Change in Montenegro averaged 3.20 percent from 2001 until 2020, reaching an all time high of 19.70 percent in August of 2001 and a record low of -9.90 percent in August of 2009. This page provides - Montenegro Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Producer Prices Change in Montenegro is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Montenegro to stand at 2.50 in 12 months time. In the long-term, the Montenegro Producer Prices Change is projected to trend around 2.50 percent in 2022 and 1.30 percent in 2023, according to our econometric models.