Inflation in Montenegro
Montenegro - InflationGrowth likely remained subdued in the second quarter, following a slowdown in the first quarter. Industrial production declined again in May, albeit at a much softer pace than in April, due to falling manufacturing output and electricity and gas supply. Likewise, merchandise exports fell in the same period, dragged down by lower metal and steel shipments. Meanwhile, momentum in the tourism sector ebbed in April–May after tourist arrivals had surged in Q1. On a brighter note, in early July, the government announced the completion of the submarine power cable linking Montenegro and Italy. The interconnector is expected to go online later this year, and should boost electricity transit by up to 70%.
Montenegro - Inflation Data
|Inflation Rate (CPI, annual variation in %)||2.2||-0.7||1.5||-0.3||2.4|
5 years of economic forecasts for more than 30 economic indicators.
Montenegro Inflation Chart
Source: Statistical Office of Montenegro (MONSTAT)
|Exchange Rate||1.11||0.65 %||Jul 31|
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