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.

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Montenegro Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 09:00 AM Apr 11.2% 9.7% 9.4%
2022-06-15 09:00 AM May 11.7% 11.2% 10.8%
2022-07-15 09:00 AM Jun 11.7% 12%


Related Last Previous Unit Reference
Inflation Rate 11.70 11.20 percent May 2022
Inflation Rate Mom 0.80 1.90 percent May 2022
Consumer Price Index CPI 119.60 118.70 points May 2022
Producer Prices 182.90 180.60 points Mar 2022
CPI Transportation 127.50 130.10 points May 2022
CPI Housing Utilities 108.50 106.70 points May 2022
Food Inflation 20.60 19.00 percent May 2022
Harmonised Consumer Prices 118.00 115.70 points Apr 2022
Producer Prices Change 6.50 5.90 percent Mar 2022
Export Prices 178.70 169.80 points Dec 2021

Montenegro Inflation Rate
In Montenegro, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (34 percent of total weight). Housing and Utilities accounts for 15 percent; Transport for 11 percent; Clothing and Footwear for 9 percent; Communication for 5 percent; and Restaurants and Hotels for 5 percent. Furniture, Household Goods and Maintenance; Health; Alcoholic beverages and Tobacco; Recreation and Culture; Miscellaneous Goods and Services and Education account for the remaining 21 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
11.70 11.20 26.50 -1.40 2001 - 2022 percent Monthly
2009=100

News Stream
Montenegro Inflation Rate at Over 19-1/2-Year High
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.
2022-06-15
Montenegro Inflation Rate Rises to June 2008 Highs
The annual inflation rate in Montenegro jumped to 11.2 percent in April of 2022, the highest since June of 2008, from 9.7 percent in March. Main upward pressure came from fuels and lubricants for personal transport equipment (+42.4%); bread and cereals (+35.9%); milk, cheese and eggs (+18.7%); meat (+12%), vegetables (+30%), solid fuels (+14.2%), and oils and fats (+25.1%). On a monthly basis, consumer prices rose 1.9 percent vs. 3.4 percent a month earlier.
2022-05-17
Montenegro Inflation Rate at Over 13-1/2-Year High
Annual inflation rate in Montenegro increased to 9.7 percent in March of 2022, the highest since July of 2008, from 6.7 percent in February. Main upward pressure came from bread and cereals (+34%); fuels and lubricants for personal transport equipment (+34.6%); milk, cheese and eggs (+14.6%); meat (+9.9%), vegetables (+27.5%), oils and fats (+32.2%), and solid fuels (+15.9%). On a monthly basis, consumer prices rose 3.4 percent.
2022-04-14