Producer prices in Montenegro rose 2.9 percent year-on-year in August 2019, unchanged from the previous month. Cost of manufacturing eased (1 percent from 1.8 percent in July), of which food products (1.6 percent from 2.8 percent). Meantime, prices of mining & quarrying advanced further (7 percent from 4.3 percent), mainly boosted by coal (7.5 percent from 4.4 percent); and inflation was steady for electricity, gas and water (at 3.8 percent). On a monthly basis, producer prices went down 0.2 percent, the same pace as in July. Producer Prices Change in Montenegro averaged 3.39 percent from 2001 until 2019, 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.
Producer Prices Change in Montenegro is expected to be 3.00 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 2.00 in 12 months time. In the long-term, the Montenegro Producer Prices Change is projected to trend around 1.30 percent in 2020, according to our econometric models.