Consumer prices increased by 0.4% month on month in June and by 3.6% year on year. Average inflation during the first six months of 2026 reached 3.3% compared with the same period of 2025.
Restaurants and accommodation recorded the largest monthly increase, at 3.3%. Health-related prices rose 1.9%, while food and non-alcoholic beverages increased 1%. Accommodation services, meat, dairy products, eggs, restaurants, cafes, dental services, air transport, fruit and vegetables were among the principal contributors.
Clothing and footwear prices declined 2.2% month on month, furnishings fell 0.5%, transport prices decreased 0.2%, and housing, utilities and energy prices edged down 0.1%.
The inflation structure is consistent with a tourism-led economy entering peak season. Hotels and restaurants may achieve stronger nominal revenue but face pressure from food, labour, transport and service costs. Operators with fixed-price tour contracts or limited ability to revise room rates during the season will experience greater margin pressure than properties using dynamic pricing.
Montenegro’s use of the euro removes an independent monetary-policy response. Inflation management therefore depends on fiscal discipline, competition, import logistics and the ability of the domestic supply chain to meet summer demand without excessive price increases.
