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.

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Montenegro Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.10 26.50 -1.40 2001 - 2021 percent Monthly
2009=100


Calendar GMT Actual Previous Consensus TEForecast
2021-06-15 09:00 AM May 2.4% 2.2% 2.6%
2021-07-15 09:00 AM Jun 2.4% 2.4% 2.5%
2021-08-17 09:00 AM Jul 3.1% 2.4% 2.7%
2021-09-15 09:00 AM Aug 3.1% 3.1% 2.8%
2021-10-14 09:00 AM Sep 3.1%
2021-11-16 10:00 AM Oct
2021-12-15 10:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Montenegro Inflation Remains at 3-Year High
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.
2021-09-15
Montenegro Inflation Rate at 3-Year High
Montenegro’s annual inflation rate rose to 3.1 percent in July of 2021, from 2.4 percent in the previous month. It was the steepest increase in consumer prices since July of 2018, mainly driven by higher cost of food and non-alcoholic beverages (3.3 percent vs 2.8 percent in June) and transports (8.9 percent vs 8.7 percent). Inflationary pressure was also seen in restaurants & hotels (9.5 percent vs 6.5 percent); alcoholic beverages & tobacco (3.2 percent, the same as in the previous month), and furniture & equipment (3.0 percent vs 2.6 percent). Additionally, prices in housing & utilities stabilized after falling in June (0 percent vs -0.5 percent). On a monthly basis, consumer prices edged up 0.3 percent, picking up some momentum from a 0.2 percent increase in the prior month.
2021-08-17
Montenegro Inflation Rate Unchanged at 2.4% in June
The annual inflation rate in Montenegro came in at 2.4 percent in June of 2021, unchanged from the previous month which was the highest level since August 2018. Inflation for food and non-alcoholic beverages was unchanged (at 2.8 percent) while softened for transport (8.7 percent vs 10.2 percent in May). Meantime, inflation rose for alcoholic beverages & tobacco (3.2 percent vs 2.9 percent), restaurants & hotels (6.5 percent vs 2.0 percent), health (1.1 percent vs 0.7 percent) and furniture & equipment (2.6 percent vs 2.4 percent). In contrast, deflationary pressure quickened for housing & utilities (-0.5 percent vs 0.1 percent). On a monthly basis, consumer prices picked up 0.2 percent, slowing from 0.3 percent increase in the prior month.
2021-07-15
Montenegro May Inflation Rate at Near 3-Year High
The annual inflation rate in Montenegro rose to 2.4 percent in May of 2021 from 2.2 percent in the previous month. It was the highest inflation rate since August of 2018, pushed up by prices of transport (10.2 percent vs 9.2 percent in April), mainly on account of fuels (23.6 percent); restaurants & hotels (2 percent vs -0.8 percent) and food & non-alcoholic beverages (2.8 percent vs 2.9 percent), especially oils & fats (37.6 percent). On a monthly basis, consumer prices went up 0.3 percent, slowing from a 0.6 percent increase in the previous month.
2021-06-15

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.