NewsMontenegro sees 0.1% monthly drop in consumer prices in September, annual inflation...

Montenegro sees 0.1% monthly drop in consumer prices in September, annual inflation at 4.9%

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Consumer prices in Montenegro, measured by the consumer price index, fell by 0.1% in September compared to August, according to data from Monstat. Compared to the same month last year, prices were on average 4.9% higher.

The largest negative impact on the monthly inflation rate came from price declines in accommodation services, fruits, vegetables, and air transport.

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From January to September, compared to the same period last year, consumer prices were on average 3.8% higher, Monstat reported.

By major categories of goods and services, September saw price increases compared to the previous month in clothing and footwear (2.4%), housing, water, electricity, gas, and other fuels (0.8%), furniture and household equipment (0.6%), health (0.2%), and other goods and services (0.1%).

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Price declines were recorded in restaurants and hotels (2.6%), food and non-alcoholic beverages (0.6%), transport (0.5%), and recreation and culture (0.2%).

Prices of other goods and services remained largely unchanged.

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