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Montenegro Inflation Rate Slows in April

Analysis

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Montenegro's consumer price index (CPI) increased by 8.6% year-on-year in April, after rising by an annual 10.5% in March, the Statistical Office of Montenegro (Monstat) said on Tuesday.

It was the lowest reading since February 2022, as prices moderated mainly for food & non-alcoholic beverages (11.6% vs 14.5% in March), furniture & household equipment (11.1% vs 13.2%), health (5.1% vs 7.2%), miscellaneous goods & services (14.4% vs 15.9%) and restaurants & hotels (15.7% vs 16.8%).

Meanwhile, inflation accelerated for clothing & footwear (7.8% vs 6.6%) and recreation & culture (5.4% vs 4.8%).

Additionally, transport costs dropped significantly (-4.1% vs 1%).

On a monthly comparison basis, consumer prices were up by 0.2%, after decreasing by 0.7% in March.

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