Annual inflation in Montenegro came in at 3.1 percent in August of 2021, unchanged from the previous month, and remaining the highest in 3 years. Consumer prices accelerated for restaurants and hotels (10.7 percent vs 9.7 percent in July), food and non-alcoholic beverages (4 percent vs 3.3 percent) and housing and utilities (0.4 percent vs 0 percent), while inflation slowed for transports (8.4 percent vs 8.9 percent) and furnishing (0.1 percent vs 3 percent). On a monthly basis, inflation decreased to 0.1 percent from 0.3 percent in July. source: Statistical Office of Montenegro
Inflation Rate in Montenegro averaged 4.13 percent from 2001 until 2021, 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. This page provides - Montenegro Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Inflation Rate in Montenegro is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro Inflation Rate is projected to trend around 2.50 percent in 2022 and 2.20 percent in 2023, according to our econometric models.