Annual inflation rate in Montenegro jumped to 11.7 percent in May of 2022, the highest since October of 2002, from 11.2 percent in March. Main upward pressure came from bread and cereals (+37.1%); fuels and lubricants for personal transport equipment (+34.2%); milk, cheese and eggs (+21%); meat (+13.6%), vegetables (+30.8%), solid fuels (+26.3%), and oils and fats (+23.1%). On a monthly basis, consumer prices rose 0.8 percent, the least in 5 months and slowing from a 1.9 percent rise in the previous month. source: Statistical Office of Montenegro
Inflation Rate in Montenegro averaged 4.22 percent from 2001 until 2022, 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 July of 2022.
Inflation Rate in Montenegro is expected to be 12.00 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 4.20 percent in 2023 and 3.50 percent in 2024, according to our econometric models.