Montenegrin Inflation Falls in December
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The annual inflation rate in Montenegro fell for a fourth month to 4.3% in December from 4.8% in the previous month, the lowest since October 2021, figures from the Podgorica-based State Statistics Office (Monstat) showed on Tuesday.
Consumer prices decelerated for food and non-alcoholic beverages (1.7% vs 2.6% in November), housing and utilities (5.6% vs 7%), and restaurants and hotels (13.2% vs 15.3%).
On the other hand, inflation picked up for transportation (1.6% vs 1%) amid volatile gasoline prices.
Month-on-month consumer prices declined by 0.5%. It was the third straight period of monthly deflation.
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