Montenegro deflation slows in December

Analysis

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Consumer prices in Montenegro decreased 0.9% year-on-year in December, after falling 1% in the prior month, data from the Podgorica-based Statistical Office (Monstat) showed on Tuesday.

Prices declined mostly for transport by 7.8%; clothing & footwear by 2.2% and restaurants & hotels by 2.8% mainly accommodation services.

At the same time, inflation slowed for food & non-alcoholic beverages (1% vs 1.2% in November). On a monthly comparison basis, consumer prices edged up 0.1% in December, after decreasing by 0.3% in November. On the full year of 2020, Montenegro turned to consumer price deflation of 0.3%, from 0.4% inflation in the previous year, the statistics agency said. 

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