Inflation in Montenegro
Montenegro - InflationWith tourism revenues accounting for more than 20% of the country’s GDP, Montenegro’s economy is languishing under the global Covid-19 measures that have brought international travel to a near standstill. Moreover, merchandise exports plummeted in March on frail European demand, while remittance inflows are expected to plunge. In response to the crisis, on 24 April the cabinet approved a second EUR 75 million package that provides 70% wage subsidies to affected individuals. As Montenegro’s fiscal position has become even more precarious, S&P Global Ratings downgraded its outlook for the sovereign’s B+ credit rating to negative on 1 May. More positively, the government began to gradually reopen the economy starting 4 May, which should help revive activity.
Montenegro - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.5||-0.3||2.4||2.6||0.4|
5 years of economic forecasts for more than 30 economic indicators.
Montenegro Inflation Chart
Source: Statistical Office of Montenegro (MONSTAT)
|Exchange Rate||1.12||0.65 %||Dec 31|
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.