Montenegro March Inflation Rate Lowest in a Year, News
Montenegro’s consumer price index (CPI) increased by 10.5% year-on-year in March, after rising by an annual 15.1% in February, the Podgorica-based Statistical Office of Montenegro (Monstat) said on Thursday.
Inflation was mostly fueled by an increase in the prices at restaurants and hotels, by 16.8%. Prices of food and non-alcoholic beverages rose 14.5%, and prices of housing, water, electricity, gas and other fuels went up by 14.2%.
In addition, prices of furniture and household equipment went up 13.2%, and prices for health services added 7.2%.
Also, prices of clothing and footwear increased, by 6.6%, while alcoholic beverages and tobacco appreciated 5.5% and recreation and culture activities were 4.8% more expensive.
On a monthly comparison basis, consumer prices went down by 0.7% in March, after adding 0.5% in February.
Sign up for business news updates & special reports.
- 11/05/2023 Luxury Public Relations for pearl of Mediterranean, Elevate PR for Montenegro
- 11/05/2023 Elevate your business in Montenegro with Elevate PR
- 09/05/2023 Montenegro economy briefing: Wage growth in the public sector and other labour market issues
- 24/04/2023 Without sustainable mining, there is no renewable future
- 08/04/2023 Montenegro economy briefing: Increased indebtedness of Montenegro
- 16/02/2023 Serbian Belkalhan calcite & graphite mining developer invites JV partners for joint critical raw materials exploitation
- 02/06/2023 Companies CREC and SPIC ready to invest in infrastructure and energy projects
- 02/06/2023 The project of the first Montenegrin satellite – Luča – will be launched into space next year
- 02/06/2023 Montenegro is introducing a system of electronic invoices