Inflation in Montenegro

Montenegro Inflation | Economic News & Forecasts

Montenegro - Inflation

Economic growth accelerated to 25.8% year-on-year in the third quarter from 19.0% in Q2, driven by sturdier public consumption and skyrocketing export growth. On the other hand, private consumption growth cooled and fixed investment contracted. Turning to the fourth quarter, available data points to a fairly robust economic performance. Industrial output growth gained steam on an annual basis in October–November, while still-strong merchandise import growth highlights resilient domestic demand. Tourist arrivals and overnight stays also increased strongly in the first two months of the quarter. That said, growth in retail sales eased notably in the same period, likely influenced by an uptick in the unemployment rate and stronger price pressures. Meanwhile, Covid-19 case numbers have risen spectacularly in recent weeks, which could trigger tighter restrictions at the outset of the new year.

Montenegro - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)1.5  -0.3  2.4  2.6  0.4  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Montenegro Inflation Chart

Montenegro Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: Statistical Office of Montenegro (MONSTAT)

Montenegro Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form