Inflation in Montenegro

Montenegro Inflation | Economic News & Forecasts

Montenegro - Inflation

The economy expanded 19.0% year-on-year in Q2, after contracting 6.5% in Q1. The rebound came on the back of steep growth in private consumption, capital investment and exports of goods and services. Public consumption growth cooled, however. Household spending benefited from softer Covid-19 restrictions, likely offsetting the impact of a higher unemployment rate in the quarter. Turning to Q3, early data paints a bright picture. In July, industrial output swung to expansion on an annual basis for the first time since March, on the back of strengthening output growth in the manufacturing sector. Moreover, retail sales expanded at a record pace in the same month and the unemployment rate decreased through August, suggesting that household spending remained healthy in the quarter, despite another drop in real wages in July.

Montenegro - Inflation Data

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

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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

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